PPP Loan Data — R Construction Civil LLC, Buffalo, TX
R Construction Civil LLC is a limited liability company (LLC) located at 1331 Hwy 79 in Buffalo, Texas that received a Coronavirus-related PPP loan from the SBA of $1,541,800.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least 164 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Citizens State Bank
R Construction Civil LLC in Buffalo, TX received a Paycheck Protection Loan of $1.54M through Citizens State 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 June, 2021.
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, R Construction Civil LLC's 2019 payroll expenses are estimated to be at least $7.4M.
Based on their reported 164 jobs retained, this equals an estimated average yearly compensation of $45,126 per employee1
Reported PPP Proceed Usage:
On the PPP application, R Construction Civil LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,541,800
Business Information - R Construction Civil LLC in Buffalo, TX
1331 Hwy 79
Buffalo, TX 75831
Support Activities for Oil and Gas Operations
NAICS code 213112
Business Owner Demographics
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Buffalo
In the Buffalo area, 5 businesses in the "Support Activities for Oil and Gas Operations" industry received a PPP loan. These local businesses reported an average of 103 employees (compared to this company's 164) and received an average PPP loan of $2,271,772 (compared to this company's $1.54M).
Similar Nearby Businesses Who Received PPP Funding:
Buffalo Distributing Inc
Charles Massengale Jr
Wil-Call Services LTD
R Construction Company
Industry PPP Comparison Statistics
Nationwide, 20,810 businesses in the "Support Activities for Oil and Gas Operations" industry received a total of $3.86B 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, 93% lower than R Construction Civil LLC's reported 164 employees, and received an average PPP loan of $185,360, 88% lower than this company's loan of $1.54M.
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Footnotes & Information
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