PPP Loan Data — Ben Clark Construction, Inc, Bend, OR
Ben Clark Construction, Inc is a sole proprietorship located at Po Box 4075 in Bend, Oregon that received a Coronavirus-related PPP loan from the SBA of $47,000.00 in April, 2020.
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 Status:Paid in Full or Forgiven
Ben Clark Construction, Inc in Bend, OR received a Paycheck Protection Loan of $47,000 through Customers Bank, which was approved in April, 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 April, 2021.
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, Ben Clark Construction, Inc's 2019 payroll expenses are estimated to be at least $225,600.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $56,400 per employee1
Reported PPP Proceed Usage:
On the PPP application, Ben Clark Construction, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $47,000
Business Information - Ben Clark Construction, Inc in Bend, OR
Po Box 4075
Bend, OR 97707
NAICS code 236118
Business Owner Demographics
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 Bend
In the Bend area, 8 businesses in the "Residential Remodelers" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 4) and received an average PPP loan of $19,147 (compared to this company's $47,000).
Similar Nearby Businesses Who Received PPP Funding:
Northwest Modern Design LLC
WAE Renovations LLC
Taylor Lawton Construction LLC
Troutbuild Construction Services LLC
Youngblood And Sons, Inc
Industry PPP Comparison Statistics
Nationwide, 175,017 businesses in the "Residential Remodelers" industry received a total of $5.32B 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 3 employees, 25% lower than Ben Clark Construction, Inc's reported 4 employees, and received an average PPP loan of $30,405, 35% lower than this company's loan of $47,000.
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Footnotes & Information
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