PPP Loan Data — Ben G Scott Land Company LLC, Dimmitt, TX
Ben G Scott Land Company LLC is a limited liability company (LLC) located at 1301 Front St in Dimmitt, Texas that received a Coronavirus-related PPP loan from the SBA of $46,200.00 in April, 2020.
The company has reported itself as a White female owned business, and employed at least seven people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:First United Bank
Ben G Scott Land Company LLC in Dimmitt, TX received a Paycheck Protection Loan of $46,200 through First United 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 G Scott Land Company LLC's 2019 payroll expenses are estimated to be at least $221,760.
Based on their reported 7 jobs retained, this equals an estimated average yearly compensation of $31,680 per employee1
Reported PPP Proceed Usage:
On the PPP application, Ben G Scott Land Company LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $34,650
- Utilities: $3,000
- Mortgage Interest: $8,550
Business Information - Ben G Scott Land Company LLC in Dimmitt, TX
1301 Front St
Dimmitt, TX 79027
Offices of Real Estate Agents and Brokers
NAICS code 531210
Business Owner Demographics
Gender: Female Owned
Veteran Status: Unreported
LMI Zone: Y
Rural / Urban: Rural
Similar Companies near Dimmitt
In the Dimmitt area, 5 businesses in the "Offices of Real Estate Agents and Brokers" industry received a PPP loan. These local businesses reported an average of 4 employees (compared to this company's 7) and received an average PPP loan of $25,612 (compared to this company's $46,200).
Similar Nearby Businesses Who Received PPP Funding:
JM Scott And Son
Ben G. Scott
Industry PPP Comparison Statistics
Nationwide, 255,794 businesses in the "Offices of Real Estate Agents and Brokers" industry received a total of $5.75B in PPP loans. These businesses account for 2% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 2 employees, 71% lower than Ben G Scott Land Company LLC's reported 7 employees, and received an average PPP loan of $22,469, 51% lower than this company's loan of $46,200.
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Footnotes & Information
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