PPP Loan Data — Finish Line Construction, Inc, Stateline, NV
Finish Line Construction, Inc is a corporation located at 1263 Lincoln Ct. in Stateline, Nevada that received a Coronavirus-related PPP loan from the SBA of $25,400.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:City National Bank
Finish Line Construction, Inc in Stateline, NV received a Paycheck Protection Loan of $25,400 through City National Bank, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in April, 2021.
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, Finish Line Construction, Inc's 2019 payroll expenses are estimated to be at least $121,920.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $24,384 per employee1
Reported PPP Proceed Usage:
On the PPP application, Finish Line Construction, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,400
Business Information - Finish Line Construction, Inc in Stateline, NV
1263 Lincoln Ct.
Stateline, NV 89449
New Housing For-Sale Builders
NAICS code 236117
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Stateline
In the Stateline area, 2 businesses in the "New Housing For-Sale Builders" industry received a PPP loan. These local businesses reported an average of 8 employees (compared to this company's 5) and received an average PPP loan of $30,057 (compared to this company's $25,400).
Similar Nearby Businesses Who Received PPP Funding:
Ryan Brown Construction, LLC
Industry PPP Comparison Statistics
Nationwide, 13,447 businesses in the "New Housing For-Sale Builders" industry received a total of $1.03B 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 7 employees, 40% higher than Finish Line Construction, Inc's reported 5 employees, and received an average PPP loan of $76,411, 201% higher than this company's loan of $25,400.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!