PPP Loan Data — Eagle Specialty Materials LLC, Gillette, WY
Eagle Specialty Materials LLC is a limited liability company (LLC) located at Po Box 3039 in Gillette, Wyoming that received a Coronavirus-related PPP loan from the SBA of $10,000,000.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least 250 people during the applicable loan loan period.
$ PPP Loan Information
Lender:THE HUNTINGTON NATIONAL BANK
Eagle Specialty Materials LLC in Gillette, WY received a Paycheck Protection Loan of $10M through THE HUNTINGTON NATIONAL BANK, which was approved in April, 2020.
The size of company's PPP loan indicates that the number of employees on payroll during the eligibility calculation period (typically 2019) was higher than the 250 jobs reported as retained on the PPP application3. This could be caused by a reduction in employment since 2019, due to Coronavirus or other factors.
2019 Payroll Estimations based On PPP Amount:
Assuming all employees were paid over the $100k eligibility cap, the minimum number of employees this company must have had in 2019 to qualify for the loan range received is 480.
Based on standard PPP eligibility rules, Eagle Specialty Materials LLC's total 2019 payroll expenses were approximately $48M (not accounting for salary amounts > $100k) in order to qualify for the PPP loan amount received.
Because the 250 jobs reported are not enough to account for the loan range received, per-employee payrolls cannot be estimated.
Business Information - Eagle Specialty Materials LLC in Gillette, WY
Po Box 3039
Gillette, WY 82718
Other Chemical and Fertilizer Mineral Mining (NAICS code 212393)
Business Owner Demographics
Race / Ethnicity: WHITE
Gender: MALE OWNED
Veteran Status: NON-VETERANCongressional District: WY-
Industry PPP Comparison Statistics
Nationwide, 60 businesses in the "Other Chemical and Fertilizer Mineral Mining" industry received a total of $41,400,083.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 37 employees, 85% lower than Eagle Specialty Materials LLC's reported 250 employees, and received an average PPP loan of $690,001, 93% lower than this company's loan of $10M.
FederalPay's PPP Information Policy
Footnotes & Information
3. Since the PPP eligibility will include a maximum of $100k in salary expenses for each employee in the qualifying period, the minimum number of employees required to be eligible for a given PPP loan amount can be calculated by the following equation: ((LOAN AMOUNT/2.5 months) * 12 months) / 100k max salary. If a company reports fewer employees than this amount on their PPP application, it is likely because they had more employees on payroll during the qualifying period.
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