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PPP Loan Data — Northern Energy Services LLC,
Anchorage, AK
Northern Energy Services LLC
Entity: Limited Liability Company (LLC)
Industry: Highway, Street, and Bridge Construction
Location: Anchorage, AK
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Northern Energy Services LLC is a limited liability company (LLC) located at 6250 S Airpark Pl in Anchorage, Alaska that received a Coronavirus-related PPP loan from the SBA of $2,000,000.00 in March, 2021.
$
PPP Loan Information
Loan #1528398702
Loan Size:
Jobs Retained:
204Loan Approved:
2021-03-27Loan Status:
Paid in Full or ForgivenLender:
Northrim BankNorthern Energy Services LLC in Anchorage, AK received a Paycheck Protection Loan of $2M through Northrim Bank, which was approved in March, 2021.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in December, 2022.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Northern Energy Services LLC's 2019 payroll expenses are estimated to be at least $9.6M.
Based on their reported 204 jobs retained, this equals an estimated average yearly compensation of $47,059 per employee1
Reported PPP Proceed Usage:
On the PPP application, Northern Energy Services LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,000,000
Business Information - Northern Energy Services LLC in Anchorage, AK
6250 S Airpark Pl
Anchorage, AK 99502
Business Industry:
Highway, Street, and Bridge Construction
NAICS code 237310
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Similar Companies near Anchorage
In the Anchorage area, 9 businesses in the "Highway, Street, and Bridge Construction" industry received a PPP loan. These local businesses reported an average of 75 employees (compared to this company's 204) and received an average PPP loan of $1,371,453 (compared to this company's $2M).
Similar Nearby Businesses Who Received PPP Funding:
Pruhs Construction Co. LLC
Anchorage, AK
Spernak & Son LLC
Anchorage, AK
Brice Civil Constructors, Inc
Anchorage, AK
Pruhs Corporation
Anchorage, AK
Stormwater Plans, LLC
Anchorage, AK
Olgoonik Enterprises LLC
Anchorage, AK
Ahtna Construction & Primary Products Company, LLC
Anchorage, AK
Industry PPP Comparison Statistics
Nationwide, 11,408 businesses in the "Highway, Street, and Bridge Construction" industry received a total of $3.92B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 26 employees, 87% lower than Northern Energy Services LLC's reported 204 employees, and received an average PPP loan of $343,661, 83% lower than this company's loan of $2M.
Northern Energy Services, LLC
Entity: Limited Liability Company (LLC)
Industry: Support Activities for Oil and Gas Operations
Location: Anchorage, AK
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Northern Energy Services, LLC is a limited liability company (LLC) located at 6250 South Airpark Place in Anchorage, Alaska that received a Coronavirus-related PPP loan from the SBA of $5,095,098.00 in April, 2020.
$
PPP Loan Information
Loan #6197677007
Loan Size:
Jobs Retained:
298Loan Approved:
2020-04-06Loan Status:
Paid in Full or ForgivenLender:
Northrim BankNorthern Energy Services, LLC in Anchorage, AK received a Paycheck Protection Loan of $5.1M through Northrim Bank, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in August, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Northern Energy Services, LLC's 2019 payroll expenses are estimated to be at least $24.46M.
Based on their reported 298 jobs retained, this equals an estimated average yearly compensation of $82,069 per employee1
Reported PPP Proceed Usage:
On the PPP application, Northern Energy Services, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $5,095,098
Business Information - Northern Energy Services, LLC in Anchorage, AK
6250 South Airpark Place
Anchorage, AK 99502
Business Industry:
Support Activities for Oil and Gas Operations
NAICS code 213112
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Similar Companies near Anchorage
In the Anchorage area, 7 businesses in the "Support Activities for Oil and Gas Operations" industry received a PPP loan. These local businesses reported an average of 68 employees (compared to this company's 298) and received an average PPP loan of $1,217,609 (compared to this company's $5.1M).
Similar Nearby Businesses Who Received PPP Funding:
Solstenxp Inc
Anchorage, AK
C&H Testing Service LLC
Anchorage, AK
Alaska Instrument Co LLC
Anchorage, AK
Alaska Instrument Company, LLC
Anchorage, AK
C&H Testing Services, LLC
Anchorage, AK
RJh., Incorporated
Anchorage, AK
Industry PPP Comparison Statistics
Nationwide, 20,742 businesses in the "Support Activities for Oil and Gas Operations" industry received a total of $3.84B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 12 employees, 96% lower than Northern Energy Services, LLC's reported 298 employees, and received an average PPP loan of $185,218, 96% lower than this company's loan of $5.1M.
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. FederalPay does not modify the data and makes no claims regarding its accuracy.
Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.
Footnotes & Information
1. Estimations for informational purposes only. 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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