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PPP Loan Data — Pipeline Environmental & Compression Industries LLC,
Lafayette, LA
Pipeline Environmental & Compression Industries LLC
Entity: Limited Liability Company (LLC)
Industry: Support Activities for Oil and Gas Operations
Location: Lafayette, LA
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Pipeline Environmental & Compression Industries LLC is a limited liability company (LLC) located at 2400 Walker Road in Lafayette, Louisiana that received a Coronavirus-related PPP loan from the SBA of $2,000,000.00 in January, 2021.
$
PPP Loan Information
Loan #9868288304
Loan Size:
Jobs Retained:
256Loan Approved:
2021-01-31Loan Status:
Ongoing LoanLender:
Hancock Whitney BankPipeline Environmental & Compression Industries LLC in Lafayette, LA received a Paycheck Protection Loan of $2M through Hancock Whitney Bank, which was approved in January, 2021.
This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.
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, Pipeline Environmental & Compression Industries LLC's 2019 payroll expenses are estimated to be at least $9.6M.
Based on their reported 256 jobs retained, this equals an estimated average yearly compensation of $37,500 per employee1
Reported PPP Proceed Usage:
On the PPP application, Pipeline Environmental & Compression Industries LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,999,995
- Utilities: $1
Business Information - Pipeline Environmental & Compression Industries LLC in Lafayette, LA
2400 Walker Road
Lafayette, LA 70583
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: N
HUBZone: Y
Rural / Urban: Urban
Similar Companies near Lafayette
In the Lafayette area, 58 businesses in the "Support Activities for Oil and Gas Operations" industry received a PPP loan. These local businesses reported an average of 19 employees (compared to this company's 256) and received an average PPP loan of $292,858 (compared to this company's $2M).
Similar Nearby Businesses Who Received PPP Funding:
JAG Inspection Services LLC
Sunset, LA
Intracoastal Liquid Mud Inc
Scott, LA
Big Fish Consulting Inc
St. Martinville, LA
MUD Menou LLC
Sunset, LA
Stacey A Carriere
Scott, LA
Scada Solutions Inc
Scott, LA
Valve & Wellhead Specialists, LLC
Scott, LA
Gordon Technologies, LLC
Scott, LA
Drake Bajat
Sunset, LA
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 Pipeline Environmental & Compression Industries LLC's reported 256 employees, and received an average PPP loan of $185,324, 91% lower than this company's loan of $2M.
Pipeline, Environmental & Compression Industries, LLC
Entity: Limited Liability Company (LLC)
Industry: Support Activities for Oil and Gas Operations
Location: Lafayette, LA
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Pipeline, Environmental & Compression Industries, LLC is a limited liability company (LLC) located at 210 Hebert Rd in Lafayette, Louisiana that received a Coronavirus-related PPP loan from the SBA of $4,185,270.00 in April, 2020.
$
PPP Loan Information
Loan #1493627201
Loan Size:
Jobs Retained:
328Loan Approved:
2020-04-15Loan Status:
Paid in Full or ForgivenLender:
Hancock Whitney BankPipeline, Environmental & Compression Industries, LLC in Lafayette, LA received a Paycheck Protection Loan of $4.19M through Hancock Whitney Bank, 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 August, 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, Pipeline, Environmental & Compression Industries, LLC's 2019 payroll expenses are estimated to be at least $20.09M.
Based on their reported 328 jobs retained, this equals an estimated average yearly compensation of $61,248 per employee1
Reported PPP Proceed Usage:
On the PPP application, Pipeline, Environmental & Compression Industries, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $4,185,270
Business Information - Pipeline, Environmental & Compression Industries, LLC in Lafayette, LA
210 Hebert Rd
Lafayette, LA 70506
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: New Business or 2 years or less
LMI Zone: Y
HUBZone: N
Rural / Urban: Urban
Similar Companies near Lafayette
In the Lafayette area, 62 businesses in the "Support Activities for Oil and Gas Operations" industry received a PPP loan. These local businesses reported an average of 11 employees (compared to this company's 328) and received an average PPP loan of $139,860 (compared to this company's $4.19M).
Similar Nearby Businesses Who Received PPP Funding:
Neal E. Olivier LLC
Lafayette, LA
Lisa Carney
Lafayette, LA
Page Wire Rope & Slings I
Lafayette, LA
Chris Heins Services LLC
Lafayette, LA
E & R Oilfield Consultants Inc
New Iberia, LA
Goetting LLC
Lafayette, LA
FAB Services Corrosion Control, LLC
Lafayette, LA
Guy C Ellison III
Lafayette, LA
JBM Land Services, Inc
Lafayette, LA
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, 96% lower than Pipeline, Environmental & Compression Industries, LLC's reported 328 employees, and received an average PPP loan of $185,324, 96% lower than this company's loan of $4.19M.
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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