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PPP Loan Data — Arlin Leusink, Sioux Center, IA

ALERT: There are 4 PPP loans for a total of $62,932 in our database for businesses with the name "Arlin Leusink" in Sioux Center, IA. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for Arlin Leusink
IA

Arlin Leusink

Entity: Sole Proprietorship

Industry: Soybean Farming

Location: Sioux Center, IA

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Arlin Leusink is a sole proprietorship located in Sioux Center, Iowa that received a Coronavirus-related PPP loan from the SBA of $23,594.00 in April, 2021.

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

$ PPP Loan Information
Loan #6235738707

Loan Size:

$23,594

Jobs Retained:

1

Loan Approved:

2021-04-03

Loan Status:

Paid in Full or Forgiven

Lender:

American State Bank
Likely Employment Reduction3

Arlin Leusink in Sioux Center, IA received a Paycheck Protection Loan of $23,594 through American State Bank, which was approved in April, 2021.

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 October, 2021.

The size of company's PPP loan indicates that the number of employees on payroll during the eligibility calculation period (typically 2019) was higher than the 1 jobs reported as retained on the PPP application3. This could be caused by a reduction in employment since 2019, due to Coronavirus or other factors.

The minimum number of employees this company must have had in 2019 to qualify for the loan range received is 1. This estimation is accurate if all employees were paid at or over the $100k PPP salary eligibility cap.


PPP Calculation Note: The total PPP loan an eligible business or individual can receive is based on 2.5 times their average monthly 2019 payroll expenses, capped at $100,000 annually per employee.

Reported PPP Proceed Usage:

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

  • Payroll: $23,588
  • Utilities: $1

Business Information - Arlin Leusink in Sioux Center, IA

Arlin Leusink
Sioux Center, IA
* Full address is redacted to protect the privacy of individuals.

Business Industry:
Soybean Farming
NAICS code 111110

Business Owner Demographics

Race: Unreported

Ethnicity: Not Hispanic or Latino

Gender: Male Owned

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Rural

Sioux County, IA — SBA Office 0761 — Congressional District: IA-04

Similar Companies near Sioux Center

In the Sioux Center area, 38 businesses in the "Soybean Farming" 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 $17,479 (compared to this company's $23,594).

Industry PPP Comparison Statistics

Nationwide, 56,818 businesses in the "Soybean Farming" industry received a total of $1.11B 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 2 employees, 100% higher than Arlin Leusink's reported 1 employees, and received an average PPP loan of $19,606, 17% lower than this company's loan of $23,594.

SBA PPP loan data, payroll data, and salaries for Arlin Leusink
IA

Arlin Leusink

Entity: Sole Proprietorship

Industry: New Single-Family Housing Construction (except For-Sale Builders)

Location: Sioux Center, IA

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Arlin Leusink is a sole proprietorship located at 2525 400th St in Sioux Center, Iowa that received a Coronavirus-related PPP loan from the SBA of $13,105.00 in April, 2021.

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

$ PPP Loan Information
Loan #5903558703

Loan Size:

$13,105

Jobs Retained:

4

Loan Approved:

2021-04-03

Loan Status:

Paid in Full or Forgiven

Lender:

American State Bank

Arlin Leusink in Sioux Center, IA received a Paycheck Protection Loan of $13,105 through American State Bank, which was approved in April, 2021.

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 October, 2021.

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, Arlin Leusink's 2019 payroll expenses are estimated to be at least $62,904.

Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $15,726 per employee1

Reported PPP Proceed Usage:

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

  • Payroll: $13,103
  • Utilities: $1

Business Information - Arlin Leusink in Sioux Center, IA

Arlin Leusink
2525 400th St
Sioux Center, IA 51250

Business Owner Demographics

Race: Unreported

Ethnicity: Not Hispanic or Latino

Gender: Male Owned

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Rural

Sioux County, IA — SBA Office 0761 — Congressional District: IA-04

Similar Companies near Sioux Center

In the Sioux Center area, 13 businesses in the "New Single-Family Housing Construction (except For-Sale Builders)" industry received a PPP loan. These local businesses reported an average of 8 employees (compared to this company's 4) and received an average PPP loan of $70,382 (compared to this company's $13,105).

Industry PPP Comparison Statistics

Nationwide, 125,433 businesses in the "New Single-Family Housing Construction (except For-Sale Builders)" industry received a total of $5.71B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.

PPP recipients in this industry report an average of 5 employees, 25% higher than Arlin Leusink's reported 4 employees, and received an average PPP loan of $45,486, 247% higher than this company's loan of $13,105.

SBA PPP loan data, payroll data, and salaries for Arlin Leusink
IA

Arlin Leusink

Entity: Sole Proprietorship

Industry: Corn Farming

Location: Sioux Center, IA

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Arlin Leusink is a sole proprietorship located in Sioux Center, Iowa that received a Coronavirus-related PPP loan from the SBA of $20,833.00 in July, 2020.

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

$ PPP Loan Information
Loan #1326418109

Loan Size:

$20,833

Jobs Retained:

1

Loan Approved:

2020-07-09

Loan Status:

Paid in Full or Forgiven

Lender:

American State Bank

Arlin Leusink in Sioux Center, IA received a Paycheck Protection Loan of $20,833 through American State Bank, which was approved in July, 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 October, 2021.


PPP Calculation Note: The total PPP loan an eligible business or individual can receive is based on 2.5 times their average monthly 2019 payroll expenses, capped at $100,000 annually per employee.

Reported PPP Proceed Usage:

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

  • Payroll: $20,833

Business Information - Arlin Leusink in Sioux Center, IA

Arlin Leusink
Sioux Center, IA
* Full address is redacted to protect the privacy of individuals.

Business Industry:
Corn Farming
NAICS code 111150

Business Owner Demographics

Race: Unreported

Ethnicity: Not Hispanic or Latino

Gender: Male Owned

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Rural

Sioux County, IA — SBA Office 0761 — Congressional District: IA-04

Similar Companies near Sioux Center

In the Sioux Center area, 69 businesses in the "Corn Farming" 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 $15,172 (compared to this company's $20,833).

Industry PPP Comparison Statistics

Nationwide, 91,161 businesses in the "Corn Farming" industry received a total of $1.75B 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 2 employees, 100% higher than Arlin Leusink's reported 1 employees, and received an average PPP loan of $19,198, 8% lower than this company's loan of $20,833.

SBA PPP loan data, payroll data, and salaries for Arlin Leusink
IA

Arlin Leusink

Entity: Sole Proprietorship

Industry: Commercial and Institutional Building Construction

Location: Sioux Center, IA

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Arlin Leusink is a sole proprietorship located in Sioux Center, Iowa that received a Coronavirus-related PPP loan from the SBA of $5,400.00 in July, 2020.

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

$ PPP Loan Information
Loan #1332448103

Loan Size:

$5,400

Jobs Retained:

1

Loan Approved:

2020-07-09

Loan Status:

Paid in Full or Forgiven

Lender:

American State Bank

Arlin Leusink in Sioux Center, IA received a Paycheck Protection Loan of $5,400 through American State Bank, which was approved in July, 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 January, 2021.


PPP Calculation Note: The total PPP loan an eligible business or individual can receive is based on 2.5 times their average monthly 2019 payroll expenses, capped at $100,000 annually per employee.

Reported PPP Proceed Usage:

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

  • Payroll: $3,240
  • Utilities: $1,080
  • Mortgage Interest: $1,080

Business Information - Arlin Leusink in Sioux Center, IA

Arlin Leusink
Sioux Center, IA
* Full address is redacted to protect the privacy of individuals.

Business Industry:
Commercial and Institutional Building Construction
NAICS code 236220

Business Owner Demographics

Race: Unreported

Ethnicity: Not Hispanic or Latino

Gender: Male Owned

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Rural

Sioux County, IA — SBA Office 0761 — Congressional District: IA-04

Similar Companies near Sioux Center

In the Sioux Center area, 7 businesses in the "Commercial and Institutional Building Construction" industry received a PPP loan. These local businesses reported an average of 5 employees (compared to this company's 1) and received an average PPP loan of $42,727 (compared to this company's $5,400).

Industry PPP Comparison Statistics

Nationwide, 77,396 businesses in the "Commercial and Institutional Building Construction" industry received a total of $12.37B 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, 1100% higher than Arlin Leusink's reported 1 employees, and received an average PPP loan of $159,889, 2861% higher than this company's loan of $5,400.

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.

Search FederalPay's Full PPP Loan Database

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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Source: www.federalpay.org/paycheck-protection-program/arlin-leusink-sioux-center-ia