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PPP Loan Data — Bret Barnhart, Edgewood, IA

SBA PPP loan data, payroll data, and salaries for Bret Barnhart
IA

Bret Barnhart

Entity: Self-employed Individual

Industry: Logging

Location: Edgewood, IA

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Bret Barnhart is a self-employed individual located in Edgewood, Iowa that received a Coronavirus-related PPP loan from the SBA of $457.00 in April, 2021.

$ PPP Loan Information
Loan #6974988803

Loan Size:

$457

Jobs Retained:

1

Loan Approved:

2021-04-20

Loan Status:

Ongoing Loan

Lender:

Farmers Savings Bank

Bret Barnhart in Edgewood, IA received a Paycheck Protection Loan of $457 through Farmers Savings Bank, which was approved in April, 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.


PPP Calculation Note: The total PPP loan an eligible business or individual can receive is based on 2.5 times their average monthly 2019 payroll expenses, capped at $100,000 annually per employee.

Reported PPP Proceed Usage:

On the PPP application, Bret Barnhart reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $453
  • Utilities: $1

Business Information - Bret Barnhart in Edgewood, IA

Bret Barnhart
Edgewood, IA
* Full address is redacted to protect the privacy of individuals.

Business Industry:
Logging
NAICS code 113310

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Rural

Delaware County, IA — SBA Office 0736 — Congressional District: IA-01

Similar Companies near Edgewood

In the Edgewood area, 3 businesses in the "Logging" industry received a PPP loan. These local businesses reported an average of 5 employees (compared to this company's 1) and received an average PPP loan of $40,679 (compared to this company's $457).

Industry PPP Comparison Statistics

Nationwide, 12,498 businesses in the "Logging" industry received a total of $628.53M 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 5 employees, 400% higher than Bret Barnhart's reported 1 employees, and received an average PPP loan of $50,291, 10905% higher than this company's loan of $457.

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. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

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Footnotes & Information

1. Estimations for informational purposes only. 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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Source: www.federalpay.org/paycheck-protection-program/bret-barnhart-edgewood-ia