PPP Loan Data — Dakota Provisions, LLC, Huron, SD
Dakota Provisions, LLC is a limited liability company (LLC) located at 40253 Us Highway 14 in Huron, South Dakota that received a Coronavirus-related PPP loan from the SBA of $8,962,400.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:First National Bank
Dakota Provisions, LLC in Huron, SD received a Paycheck Protection Loan of $8.96M through First National Bank, 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 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, Dakota Provisions, LLC's 2019 payroll expenses are estimated to be at least $43.02M.
Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $86,039 per employee1
Reported PPP Proceed Usage:
On the PPP application, Dakota Provisions, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $8,962,400
Business Information - Dakota Provisions, LLC in Huron, SD
40253 Us Highway 14
Huron, SD 57350
NAICS code 311615
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 357 businesses in the "Poultry Processing" industry received a total of $169.2M 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 51 employees, 90% lower than Dakota Provisions, LLC's reported 500 employees, and received an average PPP loan of $473,940, 95% lower than this company's loan of $8.96M.
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Footnotes & Information
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