PPP Loan Data — US Well Services LLC, Houston, TX
US Well Services LLC is a limited liability company (LLC) located at 1360 Post Oak Blvd in Houston, Texas that received a Coronavirus-related PPP loan from the SBA of $10,000,000.00 in July, 2020.
$ PPP Loan Information
Lender:BANK OF AMERICA, NATIONAL ASSOCIATION
US Well Services LLC in Houston, TX received a Paycheck Protection Loan of $10M through BANK OF AMERICA, NATIONAL ASSOCIATION, which was approved in July, 2020.
Based on standard PPP eligibility rules, US Well Services LLC's total 2019 payroll expenses were approximately $48M in order to qualify for the PPP loan amount received.
Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $96,000 per employee1.
Business Information - US Well Services LLC in Houston, TX
1360 Post Oak Blvd
Houston, TX 77056
Support Activities for Oil and Gas Operations (NAICS code 213112)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: TX-07
Similar Companies near Houston
In the Houston area, 51 businesses in the "Support Activities for Oil and Gas Operations" industry received a PPP loan. These local businesses reported an average of 33 employees (compared to this company's 500) and received an average PPP loan of $595,236 (compared to this company's $10M).
Similar Nearby Businesses Who Received PPP Funding:
Black Iron Corporation
Benchmark Oil & Gas Company
Erhc Energy, Inc.
Pipesak USA, Inc
Optime Subsea Services Inc
Legends Exploration, LP
USR Resources LLC
Pedernales Energy 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, 97% lower than US Well Services LLC's reported 500 employees, and received an average PPP loan of $215,222, 98% lower than this company's loan of $10M.
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