PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Black Hills Workshop & Trainin, Rapid City, SD

SBA PPP loan data, payroll data, and salaries for Black Hills Workshop & Trainin
SD

Black Hills Workshop & Trainin

Entity: Corporation

Industry: Other Grantmaking and Giving Services

Location: Rapid City, SD

Search All PPP Data

Black Hills Workshop & Trainin is a corporation located at 717 E Anamosa St in Rapid City, South Dakota that received a Coronavirus-related PPP loan from the SBA of $4,002,800.00 in April, 2020.

The company has reported itself as a White male owned business, and employed at least 440 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$4M

Jobs Retained:

440

Loan Approved:

2020-04-09

Lender:

PIONEER BANK & TRUST

Black Hills Workshop & Trainin received a Paycheck Protection Loan of $4M through PIONEER BANK & TRUST, which was approved in April, 2020.

Based on standard PPP eligibility rules, Black Hills Workshop & Trainin's total 2019 payroll expenses were approximately $19.21M in order to qualify for the PPP loan amount received.

Based on their reported 440 jobs retained, this equals an estimated average yearly compensation of $43,667 per employee1.

Because the loan received by Black Hills Workshop & Trainin is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Black Hills Workshop & Trainin in Rapid City, SD

Black Hills Workshop & Trainin
717 E Anamosa St
Rapid City, SD 57709

Business Industry

Other Grantmaking and Giving Services (NAICS code 813219)

Business Owner Demographics

Race / Ethnicity: WHITE

Gender: MALE OWNED

Veteran Status: NON-VETERAN

Congressional District: SD-

Similar Companies near Rapid City

In the Rapid City area, 2 businesses in the "Other Grantmaking and Giving Services" industry received a PPP loan. These local businesses reported an average of 349 employees (compared to this company's 440) and received an average PPP loan of $2,540,150 (compared to this company's $4M).

Similar Nearby Businesses Who Received PPP Funding:

Black Hills Services Inc
Rapid City, SD

$1.08M PPP Loan

Industry PPP Comparison Statistics

Nationwide, 6,269 businesses in the "Other Grantmaking and Giving Services" industry received a total of $998,645,047.00 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 16 employees, 96% lower than Black Hills Workshop & Trainin's reported 440 employees, and received an average PPP loan of $159,299, 96% lower than this company's loan of $4M.

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.

Search FederalPay's Full PPP Loan Database

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.


Have FederalPay.org's open data tools been valuable? Consider donating!

** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/black-hills-workshop-and-trainin-rapid-city-sd