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PPP Loan Data — Perfx Wireline Services LLC,
Denver, CO
Perfx Wireline Services LLC
Entity: Limited Liability Company (LLC)
Industry: Support Activities for Oil and Gas Operations
Location: Denver, CO
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Perfx Wireline Services LLC is a limited liability company (LLC) located at 1525 Raleigh St Ste 500 in Denver, Colorado that received a Coronavirus-related PPP loan from the SBA of $2,000,000.00 in February, 2021.
$
PPP Loan Information
Loan #6246048402
Loan Size:
Jobs Retained:
265Loan Approved:
2021-02-10Loan Status:
Paid in Full or ForgivenLender:
Zions Bank, A Division ofPerfx Wireline Services LLC in Denver, CO received a Paycheck Protection Loan of $2M through Zions Bank, A Division of, 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.
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, Perfx Wireline Services LLC's 2019 payroll expenses are estimated to be at least $9.6M.
Based on their reported 265 jobs retained, this equals an estimated average yearly compensation of $36,226 per employee1
Reported PPP Proceed Usage:
On the PPP application, Perfx Wireline Services LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,999,995
- Utilities: $1
Business Information - Perfx Wireline Services LLC in Denver, CO
1525 Raleigh St Ste 500
Denver, CO 80204
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: Y
HUBZone: Y
Rural / Urban: Urban
Businesses Using Same Address:
There are 2 other businesses that received a PPP loan registered to the same address as Perfx Wireline Services LLC.
Healthy Child Care Colorado
Educational Support Services
Joining Vision And Action LLC
Administrative Management and General Management Consulting Services
Similar Companies near Denver
In the Denver area, 14 businesses in the "Support Activities for Oil and Gas Operations" industry received a PPP loan. These local businesses reported an average of 51 employees (compared to this company's 265) and received an average PPP loan of $781,468 (compared to this company's $2M).
Similar Nearby Businesses Who Received PPP Funding:
Dubya Oliver Catfish LLC
Denver, CO
Durossette Land Services LLC
Denver, CO
Vanoco Energy Solutions LLC
Denver, CO
Air Basics, Inc
Denver, CO
Gere Land Services, LLC
Denver, CO
Valeen Energy LLC
Denver, CO
OFS Support Services, LLC
Denver, CO
Land Seismic Noise Specialists LLC
Denver, CO
Isabel Co. LLC
Denver, CO
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, 95% lower than Perfx Wireline Services LLC's reported 265 employees, and received an average PPP loan of $185,324, 91% lower than this company's loan of $2M.
Perfx Wireline Services, LLC
Entity: Limited Liability Company (LLC)
Industry: Support Activities for Oil and Gas Operations
Location: Denver, CO
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Perfx Wireline Services, LLC is a limited liability company (LLC) located at 1525 Raleigh St, Suite 500 in Denver, Colorado that received a Coronavirus-related PPP loan from the SBA of $8,259,400.00 in April, 2020.
$
PPP Loan Information
Loan #2441517108
Loan Size:
Jobs Retained:
414Loan Approved:
2020-04-10Loan Status:
Paid in Full or ForgivenLender:
Zions Bank, A Division ofPerfx Wireline Services, LLC in Denver, CO received a Paycheck Protection Loan of $8.26M through Zions Bank, A Division of, 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 July, 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, Perfx Wireline Services, LLC's 2019 payroll expenses are estimated to be at least $39.65M.
Based on their reported 414 jobs retained, this equals an estimated average yearly compensation of $95,761 per employee1
Reported PPP Proceed Usage:
On the PPP application, Perfx Wireline Services, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $8,259,400
Business Information - Perfx Wireline Services, LLC in Denver, CO
1525 Raleigh St, Suite 500
Denver, CO 80204
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: Y
HUBZone: Y
Rural / Urban: Urban
Similar Companies near Denver
In the Denver area, 14 businesses in the "Support Activities for Oil and Gas Operations" industry received a PPP loan. These local businesses reported an average of 51 employees (compared to this company's 414) and received an average PPP loan of $781,468 (compared to this company's $8.26M).
Similar Nearby Businesses Who Received PPP Funding:
Dubya Oliver Catfish LLC
Denver, CO
Durossette Land Services LLC
Denver, CO
Vanoco Energy Solutions LLC
Denver, CO
Air Basics, Inc
Denver, CO
Gere Land Services, LLC
Denver, CO
Valeen Energy LLC
Denver, CO
OFS Support Services, LLC
Denver, CO
Land Seismic Noise Specialists LLC
Denver, CO
Isabel Co. LLC
Denver, CO
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, 97% lower than Perfx Wireline Services, LLC's reported 414 employees, and received an average PPP loan of $185,324, 98% lower than this company's loan of $8.26M.
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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