PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Equestrian Surfaces Inc, Marshall, VA

ALERT: There are 2 PPP loans for a total of $329,235 in our database for businesses with the name "Equestrian Surfaces Inc" in Marshall, VA. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for Equestrian Surfaces Inc
VA

Equestrian Surfaces Inc

Entity: Corporation

Industry: Site Preparation Contractors

Location: Marshall, VA

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Equestrian Surfaces Inc is a corporation located at 5273 in Marshall, Virginia that received a Coronavirus-related PPP loan from the SBA of $161,103.00 in January, 2021.

The company has reported itself as a White male owned business, and employed at least twelve people during the applicable loan loan period.

$ PPP Loan Information
Loan #1917598304

Loan Size:

$161,103

Jobs Retained:

12

Loan Approved:

2021-01-20

Loan Status:

Ongoing Loan

Lender:

Itria Ventures LLC

Equestrian Surfaces Inc in Marshall, VA received a Paycheck Protection Loan of $161,103 through Itria Ventures LLC, which was approved in January, 2021.

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. The loan's status was last updated by the SBA in November, -0001.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, Equestrian Surfaces Inc's 2019 payroll expenses are estimated to be at least $773,294.

Based on their reported 12 jobs retained, this equals an estimated average yearly compensation of $64,441 per employee1

Reported PPP Proceed Usage:

On the PPP application, Equestrian Surfaces Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $161,102

Business Information - Equestrian Surfaces Inc in Marshall, VA

Equestrian Surfaces Inc
5273
Marshall, VA 20115

Business Industry:
Site Preparation Contractors
NAICS code 238910

Business Owner Demographics

Race: White

Ethnicity: Not Hispanic or Latino

Gender: Male Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Rural

Fauquier County, VA — SBA Office 0304 — Congressional District: VA-05

Similar Companies near Marshall

In the Marshall area, 12 businesses in the "Site Preparation Contractors" industry received a PPP loan. These local businesses reported an average of 39 employees (compared to this company's 12) and received an average PPP loan of $346,221 (compared to this company's $161,103).

Industry PPP Comparison Statistics

Nationwide, 30,777 businesses in the "Site Preparation Contractors" industry received a total of $4.3B 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 12 employees, the same amount reported by Equestrian Surfaces Inc and received an average PPP loan of $139,838, 13% lower than this company's loan of $161,103.

SBA PPP loan data, payroll data, and salaries for Equestrian Surfaces, Inc
VA

Equestrian Surfaces, Inc

Entity: Corporation

Industry: Unclassified Establishments

Location: Marshall, VA

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Equestrian Surfaces, Inc is a corporation located at 5273 Hunter Ct in Marshall, Virginia that received a Coronavirus-related PPP loan from the SBA of $168,132.00 in May, 2020.

The company has reported itself as a White male owned business, and employed at least twelve people during the applicable loan loan period.

$ PPP Loan Information
Loan #6161507708

Loan Size:

$168,132

Jobs Retained:

12

Loan Approved:

2020-05-01

Loan Status:

Ongoing Loan

Lender:

Bank of America, National Association

Equestrian Surfaces, Inc in Marshall, VA received a Paycheck Protection Loan of $168,132 through Bank of America, National Association, which was approved in May, 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. The loan's status was last updated by the SBA in November, -0001.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, Equestrian Surfaces, Inc's 2019 payroll expenses are estimated to be at least $807,034.

Based on their reported 12 jobs retained, this equals an estimated average yearly compensation of $67,253 per employee1

Reported PPP Proceed Usage:

On the PPP application, Equestrian Surfaces, Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $168,132

Business Information - Equestrian Surfaces, Inc in Marshall, VA

Equestrian Surfaces, Inc
5273 Hunter Ct
Marshall, VA 20115

Business Industry:
Unclassified Establishments
NAICS code 999990

Business Owner Demographics

Race: White

Ethnicity: Not Hispanic or Latino

Gender: Male Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age: New Business or 2 years or less

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Fauquier County, VA — SBA Office 0304 — Congressional District: VA-05

Similar Companies near Marshall

In the Marshall area, 2 businesses in the "Unclassified Establishments" industry received a PPP loan. These local businesses reported an average of 8 employees (compared to this company's 12) and received an average PPP loan of $106,966 (compared to this company's $168,132).

Similar Nearby Businesses Who Received PPP Funding:

123 Success
Marshall, VA

$45,800 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 85,578 businesses in the "Unclassified Establishments" industry received a total of $3.67B 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, 17% lower than Equestrian Surfaces, Inc's reported 12 employees, and received an average PPP loan of $42,861, 75% lower than this company's loan of $168,132.

FederalPay's PPP Information Policy

Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan.

All information displayed on this page is publicly available information under PPP loan guidelines, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Estimations for informational purposes only. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.

2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.


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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/equestrian-surfaces-inc-marshall-va