PPP Loan Data — Rockaway Mineral Managment LLC, Helotes, TX
Rockaway Mineral Managment LLC is a limited liability company (LLC) located at 14230 Santa Rita in Helotes, 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
Lender:Security Service FCU
Rockaway Mineral Managment LLC in Helotes, TX received a Paycheck Protection Loan of $45,800 through Security Service FCU, 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, Rockaway Mineral Managment LLC's 2019 payroll expenses are estimated to be at least $219,840.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $43,968 per employee1
Reported PPP Proceed Usage:
On the PPP application, Rockaway Mineral Managment LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $45,800
Business Information - Rockaway Mineral Managment LLC in Helotes, TX
14230 Santa Rita
Helotes, TX 78023
Drilling Oil and Gas Wells
NAICS code 213111
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Helotes
In the Helotes area, 2 businesses in the "Drilling Oil and Gas Wells" industry received a PPP loan. These local businesses reported an average of 5 employees (compared to this company's 5) and received an average PPP loan of $48,484 (compared to this company's $45,800).
Similar Nearby Businesses Who Received PPP Funding:
Brasada 72 Management
Industry PPP Comparison Statistics
Nationwide, 5,486 businesses in the "Drilling Oil and Gas Wells" industry received a total of $748.62M 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 9 employees, 80% higher than Rockaway Mineral Managment LLC's reported 5 employees, and received an average PPP loan of $136,461, 198% higher than this company's loan of $45,800.
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Footnotes & Information
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