PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Northwest Water Transfer LLC, Williston, ND

ALERT: There are 2 PPP loans for a total of $405,200 in our database for businesses with the name "Northwest Water Transfer LLC" in Williston, ND. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for Northwest Water Transfer LLC
ND

Northwest Water Transfer LLC

Entity: Limited Liability Company (LLC)

Industry: Support Activities for Oil and Gas Operations

Location: Williston, ND

Search All PPP Data

Northwest Water Transfer LLC is a limited liability company (LLC) located at 5458 134th Ave Nw in Williston, North Dakota that received a Coronavirus-related PPP loan from the SBA of $150,000.00 in February, 2021.

The company has reported itself as a male owned business, and employed at least seven people during the applicable loan loan period.

$ PPP Loan Information
Loan #3175408401

Loan Size:

$150,000

Jobs Retained:

7

Loan Approved:

2021-02-04

Loan Status:

Paid in Full or Forgiven

Lender:

First International Bank & Trust
Likely Employment Reduction3

Northwest Water Transfer LLC in Williston, ND received a Paycheck Protection Loan of $150,000 through First International Bank & Trust, which was approved in February, 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 September, 2021.

The size of company's PPP loan indicates that the number of employees on payroll during the eligibility calculation period (typically 2019) was higher than the 7 jobs reported as retained on the PPP application3. This could be caused by a reduction in employment since 2019, due to Coronavirus or other factors.

The minimum number of employees this company must have had in 2019 to qualify for the loan range received is 7. This estimation is accurate if all employees were paid at or over the $100k PPP salary eligibility cap.

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 More
Understanding 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 More

Based 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, Northwest Water Transfer LLC's 2019 payroll expenses are estimated to be at least $720,000 (not accounting for salary amounts > $100k).

Because the 7 jobs reported are not enough to account for the loan range received, per-employee payrolls cannot be estimated.

Reported PPP Proceed Usage:

On the PPP application, Northwest Water Transfer LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $149,997
  • Utilities: $1

Business Information - Northwest Water Transfer LLC in Williston, ND

Northwest Water Transfer LLC
5458 134th Ave Nw
Williston, ND 58801

Business Industry:
Support Activities for Oil and Gas Operations
NAICS code 213112

Business Owner Demographics

Race: Unreported

Ethnicity: Not Hispanic or Latino

Gender: Male Owned

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Rural

Williams County, ND — SBA Office 0875 — Congressional District: ND-

Similar Companies near Williston

In the Williston area, 202 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 7) and received an average PPP loan of $310,120 (compared to this company's $150,000).

Industry PPP Comparison Statistics

Nationwide, 20,749 businesses in the "Support Activities for Oil and Gas Operations" industry received a total of $3.85B 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, 71% higher than Northwest Water Transfer LLC's reported 7 employees, and received an average PPP loan of $185,324, 24% higher than this company's loan of $150,000.

SBA PPP loan data, payroll data, and salaries for Northwest Water Transfer, LLC
ND

Northwest Water Transfer, LLC

Entity: Limited Liability Company (LLC)

Industry: Support Activities for Oil and Gas Operations

Location: Williston, ND

Search All PPP Data

Northwest Water Transfer, LLC is a limited liability company (LLC) located at 5458 134th Ave Nw in Williston, North Dakota that received a Coronavirus-related PPP loan from the SBA of $255,200.00 in April, 2020.

The company has reported itself as a male owned business, and employed at least fourteen people during the applicable loan loan period.

$ PPP Loan Information
Loan #7340397004

Loan Size:

$255,200

Jobs Retained:

14

Loan Approved:

2020-04-07

Loan Status:

Paid in Full or Forgiven

Lender:

First International Bank & Trust

Northwest Water Transfer, LLC in Williston, ND received a Paycheck Protection Loan of $255,200 through First International Bank & Trust, 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 March, 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 More
Understanding 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 More

Based 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, Northwest Water Transfer, LLC's 2019 payroll expenses are estimated to be at least $1.22M.

Based on their reported 14 jobs retained, this equals an estimated average yearly compensation of $87,497 per employee1

Reported PPP Proceed Usage:

On the PPP application, Northwest Water Transfer, LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $255,200

Business Information - Northwest Water Transfer, LLC in Williston, ND

Northwest Water Transfer, LLC
5458 134th Ave Nw
Williston, ND 58801

Business Industry:
Support Activities for Oil and Gas Operations
NAICS code 213112

Business Owner Demographics

Race: Unreported

Ethnicity: Not Hispanic or Latino

Gender: Male Owned

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Rural

Williams County, ND — SBA Office 0875 — Congressional District: ND-

Similar Companies near Williston

In the Williston area, 202 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 14) and received an average PPP loan of $310,120 (compared to this company's $255,200).

Industry PPP Comparison Statistics

Nationwide, 20,749 businesses in the "Support Activities for Oil and Gas Operations" industry received a total of $3.85B 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, 14% lower than Northwest Water Transfer, LLC's reported 14 employees, and received an average PPP loan of $185,324, 27% lower than this company's loan of $255,200.

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.

Search FederalPay's Full PPP Loan Database

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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Source: www.federalpay.org/paycheck-protection-program/northwest-water-transfer-llc-williston-nd