PPP Loan Data — Smtih Industries, LLC, Midland, TX
Smtih Industries, LLC is a limited liability company (LLC) located at 3601 E Hwy 158 in Midland, Texas that received a Coronavirus-related PPP loan from the SBA of $3,536,200.00 in April, 2020.
$ PPP Loan Information
Lender:FIRSTCAPITAL BANK OF TEXAS, NATIONAL ASSOCIATION
Smtih Industries, LLC in Midland, TX received a Paycheck Protection Loan of $3.54M through FIRSTCAPITAL BANK OF TEXAS, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Smtih Industries, LLC's total 2019 payroll expenses were approximately $16.97M in order to qualify for the PPP loan amount received.
Based on their reported 178 jobs retained, this equals an estimated average yearly compensation of $95,358 per employee1.
Business Information - Smtih Industries, LLC in Midland, TX
3601 E Hwy 158
Midland, TX 79706
Support Activities for Oil and Gas Operations (NAICS code 213112)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: TX-11
Similar Companies near Midland
In the Midland area, 332 businesses in the "Support Activities for Oil and Gas Operations" industry received a PPP loan. These local businesses reported an average of 17 employees (compared to this company's 178) and received an average PPP loan of $305,402 (compared to this company's $3.54M).
Similar Nearby Businesses Who Received PPP Funding:
Thermo Treat, LLC
Morrow Energy LLC
Protorque Energy Inc.
Wrenched Up Roustabout, LLC
Madrid Consulting LLC
John M Clark, Inc
Industry PPP Comparison Statistics
Nationwide, 11,335 businesses in the "Support Activities for Oil and Gas Operations" industry received a total of $2,439,543,076.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 13 employees, 93% lower than Smtih Industries, LLC's reported 178 employees, and received an average PPP loan of $215,222, 94% lower than this company's loan of $3.54M.
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Footnotes & Information
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