PPP Loan Data — Dean Snyder Construction Co, Clear Lake, IA
Dean Snyder Construction Co is a subchapter s corporation located at 913 North 14th Street in Clear Lake, Iowa that received a Coronavirus-related PPP loan from the SBA of $2,522,700.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least 205 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Two Rivers Bank & Trust
Dean Snyder Construction Co in Clear Lake, IA received a Paycheck Protection Loan of $2.52M through Two Rivers Bank & Trust, which was approved in April, 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
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, Dean Snyder Construction Co's 2019 payroll expenses are estimated to be at least $12.11M.
Based on their reported 205 jobs retained, this equals an estimated average yearly compensation of $59,068 per employee1
Reported PPP Proceed Usage:
On the PPP application, Dean Snyder Construction Co reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,522,700
Business Information - Dean Snyder Construction Co in Clear Lake, IA
913 North 14th Street
Clear Lake, IA 50428
Industrial Building Construction
NAICS code 236210
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Clear Lake
In the Clear Lake area, 2 businesses in the "Industrial Building Construction" industry received a PPP loan. These local businesses reported an average of 103 employees (compared to this company's 205) and received an average PPP loan of $1,265,688 (compared to this company's $2.52M).
Similar Nearby Businesses Who Received PPP Funding:
Clear Lake, IA
Industry PPP Comparison Statistics
Nationwide, 16,732 businesses in the "Industrial Building Construction" industry received a total of $2.24B 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 10 employees, 95% lower than Dean Snyder Construction Co's reported 205 employees, and received an average PPP loan of $134,004, 95% lower than this company's loan of $2.52M.
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Footnotes & Information
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