PPP Loan Data — WAR Horse Services, LLC, Midland, TX
WAR Horse Services, LLC is a limited liability company (LLC) located at 300 N. Marienfeld St. Suite 1100 in Midland, Texas that received a Coronavirus-related PPP loan from the SBA of $1,511,770.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:West Texas National Bank
WAR Horse Services, LLC in Midland, TX received a Paycheck Protection Loan of $1.51M through West Texas National Bank, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in May, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, WAR Horse Services, LLC's 2019 payroll expenses are estimated to be at least $7.26M.
Based on their reported 81 jobs retained, this equals an estimated average yearly compensation of $89,586 per employee1
Reported PPP Proceed Usage:
On the PPP application, WAR Horse Services, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,511,770
Business Information - WAR Horse Services, LLC in Midland, TX
300 N. Marienfeld St. Suite 1100
Midland, TX 79701
Support Activities for Oil and Gas Operations
NAICS code 213112
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Midland
In the Midland area, 209 businesses in the "Support Activities for Oil and Gas Operations" industry received a PPP loan. These local businesses reported an average of 19 employees (compared to this company's 81) and received an average PPP loan of $329,842 (compared to this company's $1.51M).
Similar Nearby Businesses Who Received PPP Funding:
Imperative Chemical Partners Inc
Production Lift Companies Inc
Desert Royalty Company LLC
Thomas J. Matthews Consulting, LLC
Double Drop Resources, LLC
G & G Roustabout
Charger Aggregate LLC
Fort Petroleum LLC
Optima Land Services LLC
Industry PPP Comparison Statistics
Nationwide, 20,810 businesses in the "Support Activities for Oil and Gas Operations" industry received a total of $3.86B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 12 employees, 85% lower than WAR Horse Services, LLC's reported 81 employees, and received an average PPP loan of $185,360, 88% lower than this company's loan of $1.51M.
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Footnotes & Information
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