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PPP Loan Data — OGT, LLC, Odessa, TX

SBA PPP loan data, payroll data, and salaries for OGT, LLC
TX

OGT, LLC

Entity: Limited Liability Company (LLC)

Industry: Other Heavy and Civil Engineering Construction

Location: Odessa, TX

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OGT, LLC is a limited liability company (LLC) located at 4200 Maple Ave in Odessa, Texas that received a Coronavirus-related PPP loan from the SBA of $2,698,122.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$2.7M

Jobs Retained:

171

Loan Approved:

2020-04-05

Lender:

COMMUNITY NATIONAL BANK

OGT, LLC received a Paycheck Protection Loan of $2.7M through COMMUNITY NATIONAL BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, OGT, LLC's total 2019 payroll expenses were approximately $12.95M in order to qualify for the PPP loan amount received.

Based on their reported 171 jobs retained, this equals an estimated average yearly compensation of $75,737 per employee1.

Because the loan received by OGT, LLC is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - OGT, LLC in Odessa, TX

OGT, LLC
4200 Maple Ave
Odessa, TX 79762

Business Industry

Other Heavy and Civil Engineering Construction (NAICS code 237990)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: TX-11

Similar Companies near Odessa

In the Odessa area, 6 businesses in the "Other Heavy and Civil Engineering Construction" industry received a PPP loan. These local businesses reported an average of 31 employees (compared to this company's 171) and received an average PPP loan of $702,908 (compared to this company's $2.7M).

Industry PPP Comparison Statistics

Nationwide, 5,686 businesses in the "Other Heavy and Civil Engineering Construction" industry received a total of $1,754,404,434.00 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 19 employees, 89% lower than OGT, LLC's reported 171 employees, and received an average PPP loan of $308,548, 89% lower than this company's loan of $2.7M.

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.

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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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/ogt-llc-odessa-tx