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PPP Loan Data — Nitrogen Services LLC,
Midland, TX
Nitrogen Services LLC
Entity: Limited Liability Company (LLC)
Industry: Support Activities for Oil and Gas Operations
Location: Midland, TX
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Nitrogen Services LLC is a limited liability company (LLC) located at 921 N Fairgrounds Rd in Midland, Texas that received a Coronavirus-related PPP loan from the SBA of $2,600,900.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
0 UnreportedLoan Approved:
2020-04-29Lender:
LIVE OAK BANKING COMPANYNitrogen Services LLC received a Paycheck Protection Loan of $2.6M through LIVE OAK BANKING COMPANY, which was approved in April, 2020.
Based on standard PPP eligibility rules, Nitrogen Services LLC's total 2019 payroll expenses were approximately $12.48M in order to qualify for the PPP loan amount received.
Unlike most businesses, Nitrogen Services LLC's PPP data does not report the number of jobs retained by their receipt of the Paycheck Protection Loan (some banks did not release this infomation from their loan applications). Without this data, per-employee payrolls for this company cannot be estimated.
Business Information - Nitrogen Services LLC in Midland, TX
921 N Fairgrounds Rd
Midland, TX 79706
Business Industry
Support Activities for Oil and Gas Operations (NAICS code 213112)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: TX-11Similar Companies near Midland
In the Midland area, 332 businesses in the "Support Activities for Oil and Gas Operations" industry received a PPP loan. These local businesses reported an average of 17 employees (compared to this company's 0) and received an average PPP loan of $305,402 (compared to this company's $2.6M).
Similar Nearby Businesses Who Received PPP Funding:
Great American Consulting, Inc.
Midland, TX
Mid-Tex Pipe & Tube, Inc.
Midland, TX
Nathanael Family Inc.
Midland, TX
Giebel Petroleum LTD
Midland, TX
Alan R Trucking, LLC
Midland, TX
True Chemical Solutions LLC
Midland, TX
Action Energy Services, Inc
Midland, TX
Innovative Packer Consultants, Inc.
Midland, TX
Strasner Safety Solutions, LLC
Midland, TX
Industry PPP Comparison Statistics
Nationwide, 11,335 businesses in the "Support Activities for Oil and Gas Operations" industry received a total of $2,439,543,076.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 13 employees, and received an average PPP loan of $215,222, 92% lower than this company's loan of $2.6M.
FederalPay's PPP Information Policy
Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan.
All information displayed on this page is publicly available information under PPP loan guidelines, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA.
Footnotes & Information
1. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.
2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.
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