PPP Loan Data — White Rock Oil & Gas, LLC, Plano, TX
White Rock Oil & Gas, LLC is a limited liability company (LLC) located at 5810 Tennyson Parkway Suite 500 in Plano, Texas that received a Coronavirus-related PPP loan from the SBA of $1,931,600.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
White Rock Oil & Gas, LLC in Plano, TX received a Paycheck Protection Loan of $1.93M through Frost Bank, which was approved in April, 2020.
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, White Rock Oil & Gas, LLC's 2019 payroll expenses are estimated to be at least $9.27M.
Based on their reported 109 jobs retained, this equals an estimated average yearly compensation of $85,061 per employee1
Reported PPP Proceed Usage:
On the PPP application, White Rock Oil & Gas, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,931,600
Business Information - White Rock Oil & Gas, LLC in Plano, TX
5810 Tennyson Parkway Suite 500
Plano, TX 75025
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
PPP recipients in this industry report an average of 0 employees, 100% lower than White Rock Oil & Gas, LLC's reported 109 employees, and received an average PPP loan of $0, 100% lower than this company's loan of $1.93M.
FederalPay's PPP Information Policy
Footnotes & Information
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