PPP Loan Data — David Knight, Amenia, ND
David Knight is a sole proprietorship located at 15141 26th St Se in Amenia, North Dakota that received a Coronavirus-related PPP loan from the SBA of $25,340.00 in January, 2021.
PPP Loan Information
Loan Status:Ongoing Loan
David Knight in Amenia, ND received a Paycheck Protection Loan of $25,340 through BankNorth, which was approved in January, 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, David Knight's 2019 payroll expenses are estimated to be at least $121,632.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $60,816 per employee1
Reported PPP Proceed Usage:
On the PPP application, David Knight reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,338
- Utilities: $1
Business Information - David Knight in Amenia, ND
15141 26th St Se
Amenia, ND 58004
NAICS code 111110
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Amenia
In the Amenia area, 18 businesses in the "Soybean Farming" industry received a PPP loan. These local businesses reported an average of 1 employees (compared to this company's 2) and received an average PPP loan of $21,090 (compared to this company's $25,340).
Similar Nearby Businesses Who Received PPP Funding:
John Hejl DBA None
Industry PPP Comparison Statistics
Nationwide, 57,165 businesses in the "Soybean Farming" industry received a total of $1.13B 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 2 employees, the same amount reported by David Knight and received an average PPP loan of $19,731, 22% lower than this company's loan of $25,340.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!