PPP Loan Data — Bertelsen Art LLC, Kalispell, MT
Bertelsen Art LLC is a limited liability company (LLC) located at 1055 Dun Movin Ln in Kalispell, Montana that received a Coronavirus-related PPP loan from the SBA of $25,100.00 in April, 2020.
The company has reported itself as an American indian or alaska native 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
Bertelsen Art LLC in Kalispell, MT received a Paycheck Protection Loan of $25,100 through Glacier 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 May, 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, Bertelsen Art LLC's 2019 payroll expenses are estimated to be at least $120,480.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $30,120 per employee1
Reported PPP Proceed Usage:
On the PPP application, Bertelsen Art LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,100
Business Information - Bertelsen Art LLC in Kalispell, MT
1055 Dun Movin Ln
Kalispell, MT 59901
Other Personal Care Services
NAICS code 812199
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: N
Rural / Urban: Rural
Similar Companies near Kalispell
In the Kalispell area, 7 businesses in the "Other Personal Care Services" 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 $9,697 (compared to this company's $25,100).
Similar Nearby Businesses Who Received PPP Funding:
Malee Thai Massage, LLC
Pinprick Tattoos, LLC
Angel Massage Therapy LLC
Massage And Wellness LLC
Industry PPP Comparison Statistics
Nationwide, 76,411 businesses in the "Other Personal Care Services" industry received a total of $1.78B 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 3 employees, 25% lower than Bertelsen Art LLC's reported 4 employees, and received an average PPP loan of $23,334, 7% lower than this company's loan of $25,100.
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Footnotes & Information
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