PPP Loan Data — Quality Energy Services Inc., Houma, LA
Quality Energy Services Inc. is a corporation located at 5342 Highway 311 in Houma, Louisiana that received a Coronavirus-related PPP loan from the SBA of $4,448,500.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least 197 people during the applicable loan loan period.
$ PPP Loan Information
Quality Energy Services Inc. in Houma, LA received a Paycheck Protection Loan of $4.45M through B1BANK, which was approved in April, 2020.
The size of company's PPP loan indicates that the number of employees on payroll during the eligibility calculation period (typically 2019) was higher than the 197 jobs reported as retained on the PPP application3. This could be caused by a reduction in employment since 2019, due to Coronavirus or other factors.
2019 Payroll Estimations based On PPP Amount:
Assuming all employees were paid over the $100k eligibility cap, the minimum number of employees this company must have had in 2019 to qualify for the loan range received is 214.
Based on standard PPP eligibility rules, Quality Energy Services Inc.'s total 2019 payroll expenses were approximately $21.35M (not accounting for salary amounts > $100k) in order to qualify for the PPP loan amount received.
Because the 197 jobs reported are not enough to account for the loan range received, per-employee payrolls cannot be estimated.
Business Information - Quality Energy Services Inc. in Houma, LA
5342 Highway 311
Houma, LA 70360
Support Activities for Oil and Gas Operations (NAICS code 213112)
Business Owner Demographics
Race / Ethnicity: WHITE
Gender: MALE OWNED
Veteran Status: NON-VETERANCongressional District: LA-01
Similar Companies near Houma
In the Houma area, 43 businesses in the "Support Activities for Oil and Gas Operations" industry received a PPP loan. These local businesses reported an average of 25 employees (compared to this company's 197) and received an average PPP loan of $426,273 (compared to this company's $4.45M).
Similar Nearby Businesses Who Received PPP Funding:
Beacon Rental & Supply LLC
Harmac Inspection Services LLC
PSI Specialties, LLC
Buckhorn Services LLC
Superior Valve Products, Inc
BJC Crewboats LLC
Measurement Technologies, Inc.
Oilfield Production Contractors, Inc.
Industry PPP Comparison Statistics
Nationwide, 11,335 businesses in the "Support Activities for Oil and Gas Operations" industry received a total of $2,439,543,076.00 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 13 employees, 93% lower than Quality Energy Services Inc.'s reported 197 employees, and received an average PPP loan of $215,222, 95% lower than this company's loan of $4.45M.
FederalPay's PPP Information Policy
Footnotes & Information
3. Since the PPP eligibility will include a maximum of $100k in salary expenses for each employee in the qualifying period, the minimum number of employees required to be eligible for a given PPP loan amount can be calculated by the following equation: ((LOAN AMOUNT/2.5 months) * 12 months) / 100k max salary. If a company reports fewer employees than this amount on their PPP application, it is likely because they had more employees on payroll during the qualifying period.
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