PPP Loan Data — B.m.b Construction Inc, Good Thunder, MN
B.m.b Construction Inc
Location: Good Thunder, MNTweet This • Search All PPP Data
B.m.b Construction Inc is a corporation located at 57225 158th St in Good Thunder, Minnesota that received a Coronavirus-related PPP loan from the SBA of $25,200.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least four people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
B.m.b Construction Inc in Good Thunder, MN received a Paycheck Protection Loan of $25,200 through Pioneer Bank, which was approved in April, 2020.
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, B.m.b Construction Inc's 2019 payroll expenses are estimated to be at least $120,960.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $30,240 per employee1
Reported PPP Proceed Usage:
On the PPP application, B.m.b Construction Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,200
Business Information - B.m.b Construction Inc in Good Thunder, MN
57225 158th St
Good Thunder, MN 56037
New Single-Family Housing Construction (except For-Sale Builders)
NAICS code 236115
Business Owner Demographics
Gender: Male Owned
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Good Thunder
In the Good Thunder area, 3 businesses in the "New Single-Family Housing Construction (except For-Sale Builders)" industry received a PPP loan. These local businesses reported an average of 3 employees (compared to this company's 4) and received an average PPP loan of $19,070 (compared to this company's $25,200).
Similar Nearby Businesses Who Received PPP Funding:
Higher Ground Construction Company
Good Thunder, MN
Industry PPP Comparison Statistics
Nationwide, 127,156 businesses in the "New Single-Family Housing Construction (except For-Sale Builders)" industry received a total of $5.75B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 5 employees, 25% higher than B.m.b Construction Inc's reported 4 employees, and received an average PPP loan of $45,182, 79% higher than this company's loan of $25,200.
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Footnotes & Information
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