PPP Loan Data — Strasner Safety Solutions, LLC, Midland, TX
Strasner Safety Solutions, LLC is a corporation located at 7116 W Interstate 20 in Midland, Texas that received a Coronavirus-related PPP loan from the SBA of $879,655.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 111 people during the applicable loan loan period.
$ PPP Loan Information
Lender:COMMUNITY NATIONAL BANK
Strasner Safety Solutions, LLC received a Paycheck Protection Loan of $879,655 through COMMUNITY NATIONAL BANK, which was approved in April, 2020.
2019 Payroll Estimations based On PPP Amount:
Assuming all employees were paid over the $100k eligibility cap, the minimum number of employees this company must have had in 2019 to qualify for the loan range received is 0.
Based on standard PPP eligibility rules, Strasner Safety Solutions, LLC's total 2019 payroll expenses were approximately $4.22M in order to qualify for the PPP loan amount received.
Based on their reported 111 jobs retained, this equals an estimated average yearly compensation of $38,039 per employee1.
Business Information - Strasner Safety Solutions, LLC in Midland, TX
7116 W Interstate 20
Midland, TX 79706
Support Activities for Oil and Gas Operations (NAICS code 213112)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
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 111) and received an average PPP loan of $305,402 (compared to this company's $879,655).
Similar Nearby Businesses Who Received PPP Funding:
Air Drilling Solutions Tools LTD
Basin Trucking And Oilfield Services, LLC
Stingray Environmental & Construction, LLC
JRC Well Consulting, LLC
Oilfield Solutions, LTD
Breaking Rock, LLC
Nextgen Water Well Service LLC
Exponential Technologies, LLC
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, 88% lower than Strasner Safety Solutions, LLC's reported 111 employees, and received an average PPP loan of $215,222, 76% lower than this company's loan of $879,655.
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.
Footnotes & Information
1. 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.
Have FederalPay.org's open data tools been valuable? Consider donating!