PPP Loan Data — Tierra Lease Service, LLC, Karnes City, TX
Tierra Lease Service, LLC is a limited liability company (LLC) located at 1538 County Road 345 in Karnes City, Texas that received a Coronavirus-related PPP loan from the SBA of $3,902,892.00 in April, 2020.
$ PPP Loan Information
Lender:TEXAS CHAMPION BANK
Tierra Lease Service, LLC in Karnes City, TX received a Paycheck Protection Loan of $3.9M through TEXAS CHAMPION BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Tierra Lease Service, LLC's total 2019 payroll expenses were approximately $18.73M in order to qualify for the PPP loan amount received.
Based on their reported 377 jobs retained, this equals an estimated average yearly compensation of $49,692 per employee1.
Business Information - Tierra Lease Service, LLC in Karnes City, TX
1538 County Road 345
Karnes City, TX 78118
Support Activities for Oil and Gas Operations (NAICS code 213112)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: TX-15
Similar Companies near Karnes City
In the Karnes City area, 6 businesses in the "Support Activities for Oil and Gas Operations" industry received a PPP loan. These local businesses reported an average of 76 employees (compared to this company's 377) and received an average PPP loan of $829,909 (compared to this company's $3.9M).
Similar Nearby Businesses Who Received PPP Funding:
C & H Services
Nexgen Water Solutions LLC
Karnes City, TX
Grace Production Services LLC
Eltex Wash Rack Services Inc
Karnes City, TX
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, 97% lower than Tierra Lease Service, LLC's reported 377 employees, and received an average PPP loan of $215,222, 94% lower than this company's loan of $3.9M.
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, and is published unmodified, as provided by the SBA.
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.
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