PPP Loan Data — BNB Construction LLC, South Fork, CO
BNB Construction LLC
Entity: Limited Liability Company (LLC)
Location: South Fork, COTweet This • Search All PPP Data
BNB Construction LLC is a limited liability company (LLC) located at 11682 State Highway 149 in South Fork, Colorado that received a Coronavirus-related PPP loan from the SBA of $25,062.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:RG Bank, A Savings & Loan Association
BNB Construction LLC in South Fork, CO received a Paycheck Protection Loan of $25,062 through RG Bank, A Savings & Loan Association, 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 November, 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, BNB Construction LLC's 2019 payroll expenses are estimated to be at least $120,298.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $30,075 per employee1
Reported PPP Proceed Usage:
On the PPP application, BNB Construction LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,062
Business Information - BNB Construction LLC in South Fork, CO
11682 State Highway 149
South Fork, CO 81154
New Single-Family Housing Construction (except For-Sale Builders)
NAICS code 236115
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Similar Companies near South Fork
In the South Fork area, 4 businesses in the "New Single-Family Housing Construction (except For-Sale Builders)" 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 $13,490 (compared to this company's $25,062).
Similar Nearby Businesses Who Received PPP Funding:
Stephens Custom Home, Inc
South Fork, CO
South Fork, CO
Zorro Construction, Inc
South Fork, CO
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 BNB Construction LLC's reported 4 employees, and received an average PPP loan of $45,182, 80% higher than this company's loan of $25,062.
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Footnotes & Information
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