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PPP Loan Data — Sibley Energy, LLC, Bluefield, WV

SBA PPP loan data, payroll data, and salaries for Sibley Energy, LLC

Sibley Energy, LLC

Entity: Partnership

Industry: Bituminous Coal Underground Mining

Location: Bluefield, WV

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Sibley Energy, LLC is a partnership located at 1801 Bland Street in Bluefield, West Virginia that received a Coronavirus-related PPP loan from the SBA of $12,872.00 in April, 2020.

The company has reported itself as a White male owned business, and employed at least two people during the applicable loan loan period.

$ PPP Loan Information
Loan #8501047207

Loan Size:


Jobs Retained:


Loan Approved:


Loan Status:

Paid in Full or Forgiven


First Sentinel Bank

Sibley Energy, LLC in Bluefield, WV received a Paycheck Protection Loan of $12,872 through First Sentinel 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 January, 2021.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

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Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, Sibley Energy, LLC's 2019 payroll expenses are estimated to be at least $61,786.

Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $30,893 per employee1

Reported PPP Proceed Usage:

On the PPP application, Sibley Energy, LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $12,872

Business Information - Sibley Energy, LLC in Bluefield, WV

Sibley Energy, LLC
1801 Bland Street
Bluefield, WV 24701

Business Industry:
Bituminous Coal Underground Mining
NAICS code 212112

Business Owner Demographics

Race: White

Ethnicity: Unreported

Gender: Male Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Rural

Mercer County, WV — SBA Office 0390 — Congressional District: WV-03

Similar Companies near Bluefield

In the Bluefield area, 4 businesses in the "Bituminous Coal Underground Mining" industry received a PPP loan. These local businesses reported an average of 11 employees (compared to this company's 2) and received an average PPP loan of $154,085 (compared to this company's $12,872).

Industry PPP Comparison Statistics

Nationwide, 137 businesses in the "Bituminous Coal Underground Mining" industry received a total of $109.86M 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 45 employees, 2150% higher than Sibley Energy, LLC's reported 2 employees, and received an average PPP loan of $801,906, 6130% higher than this company's loan of $12,872.

FederalPay's PPP Information Policy

Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan.

All information displayed on this page is publicly available information under PPP loan guidelines, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

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Footnotes & Information

1. Estimations for informational purposes only. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.

2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.

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