PPP Loan Data — Burly Builders, LLC, Spearfish, SD
Burly Builders, LLC
Entity: Limited Liability Company (LLC)
Location: Spearfish, SDTweet This • Search All PPP Data
Burly Builders, LLC is a limited liability company (LLC) located at 630 Saint Joe St in Spearfish, South Dakota that received a Coronavirus-related PPP loan from the SBA of $24,912.00 in July, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Black Hills FCU
Burly Builders, LLC in Spearfish, SD received a Paycheck Protection Loan of $24,912 through Black Hills FCU, which was approved in July, 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 May, 2021.
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, Burly Builders, LLC's 2019 payroll expenses are estimated to be at least $119,578.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $39,859 per employee1
Reported PPP Proceed Usage:
On the PPP application, Burly Builders, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,912
Business Information - Burly Builders, LLC in Spearfish, SD
630 Saint Joe St
Spearfish, SD 57783
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 Spearfish
In the Spearfish area, 21 businesses in the "New Single-Family Housing Construction (except For-Sale Builders)" industry received a PPP loan. These local businesses reported an average of 4 employees (compared to this company's 3) and received an average PPP loan of $29,140 (compared to this company's $24,912).
Similar Nearby Businesses Who Received PPP Funding:
Creed Construction & Development Inc
Marcus Custom Builders LLC
Hemeyer Enterprises, Inc
James A Bacon
North Star Construction Inc
First Choice Construction LLC
Borderson Builders, Inc
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, 67% higher than Burly Builders, LLC's reported 3 employees, and received an average PPP loan of $45,182, 81% higher than this company's loan of $24,912.
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Footnotes & Information
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