PPP Loan Data — ROD And Tubing Services LLC, Bryan, TX
ROD And Tubing Services LLC is a limited liability company (LLC) located at 7932 State Highway 21 in Bryan, Texas that received a Coronavirus-related PPP loan from the SBA of $1,890,700.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
ROD And Tubing Services LLC in Bryan, TX received a Paycheck Protection Loan of $1.89M through Comerica Bank, which was approved in April, 2020.
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, ROD And Tubing Services LLC's 2019 payroll expenses are estimated to be at least $9.08M.
Based on their reported 126 jobs retained, this equals an estimated average yearly compensation of $72,027 per employee1
Reported PPP Proceed Usage:
On the PPP application, ROD And Tubing Services LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,512,620
- Mortgage Interest: $378,080
Business Information - ROD And Tubing Services LLC in Bryan, TX
7932 State Highway 21
Bryan, TX 77807
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: Y
Rural / Urban: Urban
Similar Companies near Bryan
In the Bryan area, 19 businesses in the "Support Activities for Oil and Gas Operations" industry received a PPP loan. These local businesses reported an average of 13 employees (compared to this company's 126) and received an average PPP loan of $191,263 (compared to this company's $1.89M).
Similar Nearby Businesses Who Received PPP Funding:
Shaffer Oilfield Consulting LLC
Lang Investments LLC
Bearkat Oilfield Services LLC
ALV Enterprises Texas LLC
Wedtex & Assoc
Young Land Resources LLC
Fleming Oil Field Services LP
Ram-Dr Enterprises, 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, 90% lower than ROD And Tubing Services LLC's reported 126 employees, and received an average PPP loan of $185,360, 90% lower than this company's loan of $1.89M.
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Footnotes & Information
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