PPP Loan Data — Blew & Associates, Fayetteville, AR
Blew & Associates is a professional association located at 3825 N Shiloh Dr in Fayetteville, Arkansas that received a Coronavirus-related PPP loan from the SBA of $1,676,811.00 in January, 2021.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:First National Bank
Blew & Associates in Fayetteville, AR received a Paycheck Protection Loan of $1.68M through First National Bank, which was approved in January, 2021.
This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.
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, Blew & Associates' 2019 payroll expenses are estimated to be at least $8.05M.
Based on their reported 159 jobs retained, this equals an estimated average yearly compensation of $50,621 per employee1
Reported PPP Proceed Usage:
On the PPP application, Blew & Associates reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,676,808
- Utilities: $1
Business Information - Blew & Associates in Fayetteville, AR
3825 N Shiloh Dr
Fayetteville, AR 72703
NAICS code 541330
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Fayetteville
In the Fayetteville area, 15 businesses in the "Engineering Services" industry received a PPP loan. These local businesses reported an average of 28 employees (compared to this company's 159) and received an average PPP loan of $320,834 (compared to this company's $1.68M).
Similar Nearby Businesses Who Received PPP Funding:
Japruitt Consulting LLC
Andersens Hsi Inc
Jorgensen & Associates Consulting Engineers Inc
Engineering Elements, PLLC
Atwhite Consulting, Inc
Zweig White LLC
Applied Dynamics Engineering Group LLC
Industry PPP Comparison Statistics
Nationwide, 47,152 businesses in the "Engineering Services" industry received a total of $9.19B 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 13 employees, 92% lower than Blew & Associates' reported 159 employees, and received an average PPP loan of $194,873, 88% lower than this company's loan of $1.68M.
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Footnotes & Information
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