PPP Loan Data — Petro Management Service, LLC, Valdez, AK
Petro Management Service, LLC is a limited liability company (LLC) located at 337 Egan Suite 201a in Valdez, Alaska that received a Coronavirus-related PPP loan from the SBA of $25,248.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:First National Bank Alaska
Petro Management Service, LLC in Valdez, AK received a Paycheck Protection Loan of $25,248 through First National Bank Alaska, 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 December, 2020.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
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, Petro Management Service, LLC's 2019 payroll expenses are estimated to be at least $121,190.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $30,298 per employee1
Reported PPP Proceed Usage:
On the PPP application, Petro Management Service, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $20,726
- Utilities: $378
- Rent: $4,144
Business Information - Petro Management Service, LLC in Valdez, AK
337 Egan Suite 201a
Valdez, AK 99686
Septic Tank and Related Services
NAICS code 562991
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Industry PPP Comparison Statistics
Nationwide, 3,403 businesses in the "Septic Tank and Related Services" industry received a total of $240.96M 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 8 employees, 100% higher than Petro Management Service, LLC's reported 4 employees, and received an average PPP loan of $70,809, 180% higher than this company's loan of $25,248.
FederalPay's PPP Information Policy
Footnotes & Information
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