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PPP Loan Data — OGT, LLC,
Odessa, 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:
Jobs Retained:
171Loan Approved:
2020-04-05Lender:
COMMUNITY NATIONAL BANKOGT, 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.
Business Information - OGT, LLC in Odessa, TX
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-11Similar 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).
Similar Nearby Businesses Who Received PPP Funding:
Naphtha Enterprises, LLC
Odessa, TX
Javier Benavides
Odessa, TX
P2 Construction Inc
Odessa, TX
Inez Dominguez
Odessa, TX
Jose Rocha
Odessa, TX
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.
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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