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PPP Loan Data — Westwind Helicopters, Santa Fe, TX

SBA PPP loan data, payroll data, and salaries for Westwind Helicopters

Westwind Helicopters

Entity: Corporation

Industry: Support Activities for Oil and Gas Operations

Location: Santa Fe, TX

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Westwind Helicopters is a corporation located at 8426 Fm 2004 Rd in Santa Fe, Texas that received a Coronavirus-related PPP loan from the SBA of $811,930.00 in February, 2021.

$ PPP Loan Information
Loan #4229778408

Loan Size:


Jobs Retained:


Loan Approved:


Loan Status:

Ongoing Loan


Hancock Whitney Bank

Westwind Helicopters in Santa Fe, TX received a Paycheck Protection Loan of $811,930 through Hancock Whitney Bank, which was approved in February, 2021.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, Westwind Helicopters' 2019 payroll expenses are estimated to be at least $3.9M.

Based on their reported 43 jobs retained, this equals an estimated average yearly compensation of $90,634 per employee1

Reported PPP Proceed Usage:

On the PPP application, Westwind Helicopters reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $811,930

Business Information - Westwind Helicopters in Santa Fe, TX

Westwind Helicopters
8426 Fm 2004 Rd
Santa Fe, TX 77510

Business Industry:
Support Activities for Oil and Gas Operations
NAICS code 213112

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Galveston County, TX — SBA Office 0671 — Congressional District: TX-14

Businesses Using Same Address:

There are 2 other businesses that received a PPP loan registered to the same address as Westwind Helicopters.

HI Line Helicopters Inc
Nonscheduled Chartered Passenger Air Transportation

$38,400 PPP Loan

Westwind Helicopters, Inc
Scheduled Passenger Air Transportation

$834,900 PPP Loan

Similar Companies near Santa Fe

In the Santa Fe area, 12 businesses in the "Support Activities for Oil and Gas Operations" industry received a PPP loan. These local businesses reported an average of 11 employees (compared to this company's 43) and received an average PPP loan of $157,082 (compared to this company's $811,930).

Industry PPP Comparison Statistics

Nationwide, 20,749 businesses in the "Support Activities for Oil and Gas Operations" industry received a total of $3.85B 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, 72% lower than Westwind Helicopters' reported 43 employees, and received an average PPP loan of $185,324, 77% lower than this company's loan of $811,930.

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.

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Footnotes & Information

1. Estimations for informational purposes only. 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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