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

PPP Loan Data — Briggs Trucking & Excavation LLC, Myrtle Creek, OR

ALERT: There are 2 PPP loans for a total of $59,909 in our database for businesses with the name "Briggs Trucking & Excavation LLC" in Myrtle Creek, OR. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for Briggs Trucking & Excavation LLC
OR

Briggs Trucking & Excavation LLC

Entity: Limited Liability Company (LLC)

Industry: Other Heavy and Civil Engineering Construction

Location: Myrtle Creek, OR

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Briggs Trucking & Excavation LLC is a limited liability company (LLC) located at 170 Fir St in Myrtle Creek, Oregon that received a Coronavirus-related PPP loan from the SBA of $34,409.00 in February, 2021.

$ PPP Loan Information
Loan #1323928506

Loan Size:

$34,409

Jobs Retained:

8

Loan Approved:

2021-02-18

Loan Status:

Ongoing Loan

Lender:

Umpqua Bank

Briggs Trucking & Excavation LLC in Myrtle Creek, OR received a Paycheck Protection Loan of $34,409 through Umpqua Bank, which was approved in February, 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

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, Briggs Trucking & Excavation LLC's 2019 payroll expenses are estimated to be at least $165,163.

Based on their reported 8 jobs retained, this equals an estimated average yearly compensation of $20,645 per employee1

Reported PPP Proceed Usage:

On the PPP application, Briggs Trucking & Excavation LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $34,406
  • Utilities: $1

Business Information - Briggs Trucking & Excavation LLC in Myrtle Creek, OR

Briggs Trucking & Excavation LLC
170 Fir St
Myrtle Creek, OR 97457

Business Industry:
Other Heavy and Civil Engineering Construction
NAICS code 237990

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: Y

HUBZone: Y

Rural / Urban: Rural

Douglas County, OR — SBA Office 1086 — Congressional District: OR-04

Industry PPP Comparison Statistics

Nationwide, 11,233 businesses in the "Other Heavy and Civil Engineering Construction" industry received a total of $2.63B 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 17 employees, 113% higher than Briggs Trucking & Excavation LLC's reported 8 employees, and received an average PPP loan of $234,414, 581% higher than this company's loan of $34,409.

SBA PPP loan data, payroll data, and salaries for Briggs Trucking & Excavation, LLC
OR

Briggs Trucking & Excavation, LLC

Entity: Limited Liability Company (LLC)

Industry: Highway, Street, and Bridge Construction

Location: Myrtle Creek, OR

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Briggs Trucking & Excavation, LLC is a limited liability company (LLC) located at 4050 Gazley Rd in Myrtle Creek, Oregon that received a Coronavirus-related PPP loan from the SBA of $25,500.00 in May, 2020.

$ PPP Loan Information
Loan #1955437405

Loan Size:

$25,500

Jobs Retained:

5

Loan Approved:

2020-05-05

Loan Status:

Ongoing Loan

Lender:

Umpqua Bank

Briggs Trucking & Excavation, LLC in Myrtle Creek, OR received a Paycheck Protection Loan of $25,500 through Umpqua Bank, which was approved in May, 2020.

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

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, Briggs Trucking & Excavation, LLC's 2019 payroll expenses are estimated to be at least $122,400.

Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $24,480 per employee1

Reported PPP Proceed Usage:

On the PPP application, Briggs Trucking & Excavation, LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $25,500

Business Information - Briggs Trucking & Excavation, LLC in Myrtle Creek, OR

Briggs Trucking & Excavation, LLC
4050 Gazley Rd
Myrtle Creek, OR 97457

Business Industry:
Highway, Street, and Bridge Construction
NAICS code 237310

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: New Business or 2 years or less

LMI Zone: N

HUBZone: Y

Rural / Urban: Rural

Douglas County, OR — SBA Office 1086 — Congressional District: OR-04

Industry PPP Comparison Statistics

Nationwide, 11,483 businesses in the "Highway, Street, and Bridge Construction" industry received a total of $3.92B 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 26 employees, 420% higher than Briggs Trucking & Excavation, LLC's reported 5 employees, and received an average PPP loan of $341,702, 1240% higher than this company's loan of $25,500.

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.

Search FederalPay's Full PPP Loan Database

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/briggs-trucking-excavation-llc-myrtle-creek-or