PPP Loan Data — Zenith Oil & Gas, LLC, Houston, TX
Zenith Oil & Gas, LLC is a limited liability company (LLC) located in Houston, Texas that received a Coronavirus-related PPP loan from the SBA of $45,800.00 in May, 2020.
The company has reported itself as an American indian or alaska native male owned business, and employed at least one person during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Zenith Oil & Gas, LLC in Houston, TX received a Paycheck Protection Loan of $45,800 through Regions Bank, which was approved in May, 2020.
The minimum number of employees this company must have had in 2019 to qualify for the loan range received is 2. This estimation is accurate if all employees were paid at or over the $100k PPP salary eligibility cap.
Reported PPP Proceed Usage:
On the PPP application, Zenith Oil & Gas, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $45,800
Business Information - Zenith Oil & Gas, LLC in Houston, TX
* Full address is redacted to protect the privacy of individuals.
Crude Petroleum Extraction
NAICS code 211120
Business Owner Demographics
Race: American Indian or Alaska Native
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Houston
In the Houston area, 6 businesses in the "Crude Petroleum Extraction " industry received a PPP loan. These local businesses reported an average of 1 employees (compared to this company's 1) and received an average PPP loan of $15,512 (compared to this company's $45,800).
Similar Nearby Businesses Who Received PPP Funding:
Trish Le Bacon
KS Pipe And Supply, LLC
Richemont Advisors LLC
Sentry Investments LLC
Industry PPP Comparison Statistics
Nationwide, 5,870 businesses in the "Crude Petroleum Extraction " industry received a total of $637.96M 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 7 employees, 600% higher than Zenith Oil & Gas, LLC's reported 1 employees, and received an average PPP loan of $108,682, 137% higher than this company's loan of $45,800.
FederalPay's PPP Information Policy
Footnotes & Information
3. Since the PPP eligibility will include a maximum of $100k in salary expenses for each employee in the qualifying period, the minimum number of employees required to be eligible for a given PPP loan amount can be calculated by the following equation: ((LOAN AMOUNT/2.5 months) * 12 months) / 100k max salary. If a company reports fewer employees than this amount on their PPP application, it is likely because they had more employees on payroll during the qualifying period.
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