PPP Loan Data — Deer Creek Feeding, LLC, Dalhart, TX
Deer Creek Feeding, LLC is a limited liability company (LLC) located at 13401 Us Hwy 385 in Dalhart, Texas that received a Coronavirus-related PPP loan from the SBA of $2,054,887.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Bank of the West
Deer Creek Feeding, LLC in Dalhart, TX received a Paycheck Protection Loan of $2.05M through Bank of the West, 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, Deer Creek Feeding, LLC's 2019 payroll expenses are estimated to be at least $9.86M.
Based on their reported 260 jobs retained, this equals an estimated average yearly compensation of $37,936 per employee1
Reported PPP Proceed Usage:
On the PPP application, Deer Creek Feeding, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,054,887
Business Information - Deer Creek Feeding, LLC in Dalhart, TX
13401 Us Hwy 385
Dalhart, TX 79022
NAICS code 112112
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Dalhart
In the Dalhart area, 5 businesses in the "Cattle Feedlots" industry received a PPP loan. These local businesses reported an average of 67 employees (compared to this company's 260) and received an average PPP loan of $544,590 (compared to this company's $2.05M).
Similar Nearby Businesses Who Received PPP Funding:
Nortex Feeders, LLC
Jonathan K Sullins
Kabil Cattle Co
Potter Feedlot, LLC
Industry PPP Comparison Statistics
Nationwide, 8,650 businesses in the "Cattle Feedlots" industry received a total of $269.25M 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 3 employees, 99% lower than Deer Creek Feeding, LLC's reported 260 employees, and received an average PPP loan of $31,127, 98% lower than this company's loan of $2.05M.
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Footnotes & Information
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