PPP Loan Data — R&E Roustabout Frield Services, LLC, Kermit, TX
R&E Roustabout Frield Services, LLC is a limited liability company (LLC) located at 313 Oaklawn St in Kermit, Texas that received a Coronavirus-related PPP loan from the SBA of $45,800.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
R&E Roustabout Frield Services, LLC in Kermit, TX received a Paycheck Protection Loan of $45,800 through LiftFund, Inc., 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 May, 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&E Roustabout Frield Services, LLC's 2019 payroll expenses are estimated to be at least $219,840.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $54,960 per employee1
Reported PPP Proceed Usage:
On the PPP application, R&E Roustabout Frield Services, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $45,800
Business Information - R&E Roustabout Frield Services, LLC in Kermit, TX
313 Oaklawn St
Kermit, TX 79745
Support Activities for Oil and Gas Operations
NAICS code 213112
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Kermit
In the Kermit area, 33 businesses in the "Support Activities for Oil and Gas Operations" industry received a PPP loan. These local businesses reported an average of 7 employees (compared to this company's 4) and received an average PPP loan of $98,042 (compared to this company's $45,800).
Similar Nearby Businesses Who Received PPP Funding:
Iraan Brine Water Services, LLC
Elco Energy LLC
Hot Oil And Roustabout Service Co
F & A Roustabout Services LLC
F&A Roustabout Services LLC
Juan F Barrera
A. Quiroz Trucking & Backhoe Service, LLC
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, 200% higher than R&E Roustabout Frield Services, LLC's reported 4 employees, and received an average PPP loan of $185,360, 305% higher than this company's loan of $45,800.
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Footnotes & Information
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