PPP Loan Data — Estes Company, Ll, Davenport, IA
Estes Company, Ll
Entity: Limited Liability Company (LLC)
Location: Davenport, IATweet This • Search All PPP Data
Estes Company, Ll is a limited liability company (LLC) located at 131 W 2nd St Suite 400 in Davenport, Iowa that received a Coronavirus-related PPP loan from the SBA of $2,028,700.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Hills Bank and Trust Company
Estes Company, Ll in Davenport, IA received a Paycheck Protection Loan of $2.03M through Hills Bank and Trust Company, which was approved in April, 2020.
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, Estes Company, Ll's 2019 payroll expenses are estimated to be at least $9.74M.
Based on their reported 127 jobs retained, this equals an estimated average yearly compensation of $76,675 per employee1
Reported PPP Proceed Usage:
On the PPP application, Estes Company, Ll reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,028,700
Business Information - Estes Company, Ll in Davenport, IA
131 W 2nd St Suite 400
Davenport, IA 52801
Commercial and Institutional Building Construction
NAICS code 236220
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Davenport
In the Davenport area, 2 businesses in the "Commercial and Institutional Building Construction" industry received a PPP loan. These local businesses reported an average of 70 employees (compared to this company's 127) and received an average PPP loan of $1,108,255 (compared to this company's $2.03M).
Similar Nearby Businesses Who Received PPP Funding:
E & H Restoration LLC
Industry PPP Comparison Statistics
Nationwide, 78,873 businesses in the "Commercial and Institutional Building Construction" industry received a total of $12.41B 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, 91% lower than Estes Company, Ll's reported 127 employees, and received an average PPP loan of $157,325, 92% lower than this company's loan of $2.03M.
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Footnotes & Information
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