PPP Loan Data — Pinnergy, LTD, Austin, TX
Pinnergy, LTD is a corporation located at 111 Congress Ave in Austin, Texas that received a Coronavirus-related PPP loan from the SBA of $8,988,961.00 in April, 2020.
$ PPP Loan Information
Lender:KEYSTONE BANK, NATIONAL ASSOCIATION
Pinnergy, LTD in Austin, TX received a Paycheck Protection Loan of $8.99M through KEYSTONE BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Pinnergy, LTD's total 2019 payroll expenses were approximately $43.15M in order to qualify for the PPP loan amount received.
Based on their reported 432 jobs retained, this equals an estimated average yearly compensation of $99,877 per employee1.
Business Information - Pinnergy, LTD in Austin, TX
111 Congress Ave
Austin, TX 78701
Drilling Oil and Gas Wells (NAICS code 213111)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: TX-21
Similar Companies near Austin
In the Austin area, 4 businesses in the "Drilling Oil and Gas Wells" industry received a PPP loan. These local businesses reported an average of 111 employees (compared to this company's 432) and received an average PPP loan of $2,296,614 (compared to this company's $8.99M).
Similar Nearby Businesses Who Received PPP Funding:
Thomas Edward Hopkins
Lucas Petroleum Group Inc
Industry PPP Comparison Statistics
Nationwide, 2,946 businesses in the "Drilling Oil and Gas Wells" industry received a total of $499,833,830.00 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 11 employees, 97% lower than Pinnergy, LTD's reported 432 employees, and received an average PPP loan of $169,665, 98% lower than this company's loan of $8.99M.
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Footnotes & Information
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