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PPP Loan Data — Urban Oil & Gas Group, LLC,
Plano, TX
Urban Oil & Gas Group, LLC
Entity: Corporation
Industry: Drilling Oil and Gas Wells
Location: Plano, TX
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Urban Oil & Gas Group, LLC is a corporation located at 1000 E 14th St in Plano, Texas that received a Coronavirus-related PPP loan from the SBA of $3,112,200.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
168Loan Approved:
2020-04-05Lender:
BOKF, NATIONAL ASSOCIATIONUrban Oil & Gas Group, LLC in Plano, TX received a Paycheck Protection Loan of $3.11M through BOKF, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Urban Oil & Gas Group, LLC's total 2019 payroll expenses were approximately $14.94M in order to qualify for the PPP loan amount received.
Based on their reported 168 jobs retained, this equals an estimated average yearly compensation of $88,920 per employee1.
Business Information - Urban Oil & Gas Group, LLC in Plano, TX
1000 E 14th St
Plano, TX 75074
Business Industry
Drilling Oil and Gas Wells (NAICS code 213111)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: TX-03Similar Companies near Plano
In the Plano area, 3 businesses in the "Drilling Oil and Gas Wells" industry received a PPP loan. These local businesses reported an average of 63 employees (compared to this company's 168) and received an average PPP loan of $1,146,574 (compared to this company's $3.11M).
Similar Nearby Businesses Who Received PPP Funding:
Bayne Mineral Systems, Inc.
Plano, TX
GND Consulting
Plano, TX
Industry PPP Comparison Statistics
Nationwide, 2,946 businesses in the "Drilling Oil and Gas Wells" industry received a total of $499,833,830.00 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 11 employees, 93% lower than Urban Oil & Gas Group, LLC's reported 168 employees, and received an average PPP loan of $169,665, 95% lower than this company's loan of $3.11M.
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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