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PPP Loan Data — Wyoming Casing Service, Inc., Dickinson, ND

SBA PPP loan data, payroll data, and salaries for Wyoming Casing Service, Inc.
ND

Wyoming Casing Service, Inc.

Entity: Subchapter S Corporation

Industry: Support Activities for Oil and Gas Operations

Location: Dickinson, ND

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Wyoming Casing Service, Inc. is a subchapter s corporation located at 198 40th St E in Dickinson, North Dakota that received a Coronavirus-related PPP loan from the SBA of $6,600,000.00 in April, 2020.

The company has reported itself as a male owned business, and employed at least 399 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$6.6M

Jobs Retained:

399

Loan Approved:

2020-04-04

Lender:

DAKOTA COMMUNITY BANK & TRUST, NATIONAL ASSOCIATION

Wyoming Casing Service, Inc. received a Paycheck Protection Loan of $6.6M through DAKOTA COMMUNITY BANK & TRUST, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, Wyoming Casing Service, Inc.'s total 2019 payroll expenses were approximately $31.68M in order to qualify for the PPP loan amount received.

Based on their reported 399 jobs retained, this equals an estimated average yearly compensation of $79,398 per employee1.

Because the loan received by Wyoming Casing Service, Inc. is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Wyoming Casing Service, Inc. in Dickinson, ND

Wyoming Casing Service, Inc.
198 40th St E
Dickinson, ND 58601

Business Industry

Support Activities for Oil and Gas Operations (NAICS code 213112)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: MALE OWNED

Veteran Status: NON-VETERAN

Congressional District: ND-

Similar Companies near Dickinson

In the Dickinson area, 50 businesses in the "Support Activities for Oil and Gas Operations" industry received a PPP loan. These local businesses reported an average of 23 employees (compared to this company's 399) and received an average PPP loan of $446,687 (compared to this company's $6.6M).

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 Wyoming Casing Service, Inc.'s reported 399 employees, and received an average PPP loan of $215,222, 97% lower than this company's loan of $6.6M.

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.

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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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/wyoming-casing-service-inc-dickinson-nd