PPP Loan Data — Bettencourt Dairies, LLC, Wendell, ID
Bettencourt Dairies, LLC is a limited liability company (LLC) located at 2930 South 2300 East in Wendell, Idaho that received a Coronavirus-related PPP loan from the SBA of $2,737,500.00 in April, 2020.
$ PPP Loan Information
Lender:BMO HARRIS BANK NATIONAL ASSOCIATION
Bettencourt Dairies, LLC received a Paycheck Protection Loan of $2.74M through BMO HARRIS BANK NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Bettencourt Dairies, LLC's total 2019 payroll expenses were approximately $13.14M in order to qualify for the PPP loan amount received.
Based on their reported 342 jobs retained, this equals an estimated average yearly compensation of $38,421 per employee1.
Business Information - Bettencourt Dairies, LLC in Wendell, ID
2930 South 2300 East
Wendell, ID 83355
Dairy Cattle and Milk Production (NAICS code 112120)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: ID-02
Similar Companies near Wendell
In the Wendell area, 21 businesses in the "Dairy Cattle and Milk Production" industry received a PPP loan. These local businesses reported an average of 52 employees (compared to this company's 342) and received an average PPP loan of $401,689 (compared to this company's $2.74M).
Similar Nearby Businesses Who Received PPP Funding:
South View Dairy, LLC
Prince Dairy Inc.
R & R Holsteins, LLC
Jesus Hurtado Dairy, LLC
Rockn-J Goats, LLC
Silverline Farms, LLC
Vanderham Brothers Dairy
Industry PPP Comparison Statistics
Nationwide, 9,729 businesses in the "Dairy Cattle and Milk Production" industry received a total of $848,987,339.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 10 employees, 97% lower than Bettencourt Dairies, LLC's reported 342 employees, and received an average PPP loan of $87,264, 97% lower than this company's loan of $2.74M.
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.
Footnotes & Information
1. 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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