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PPP Loan Data — Firstmark Construction, LLC, Billings, MT

SBA PPP loan data, payroll data, and salaries for Firstmark Construction, LLC
MT

Firstmark Construction, LLC

Entity: Limited Liability Company (LLC)

Industry: Other Heavy and Civil Engineering Construction

Location: Billings, MT

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Firstmark Construction, LLC is a limited liability company (LLC) located at 6611 Trade Center Avenue in Billings, Montana that received a Coronavirus-related PPP loan from the SBA of $3,692,980.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$3.69M

Jobs Retained:

265

Loan Approved:

2020-04-10

Lender:

FIRST INTERSTATE BANK

Firstmark Construction, LLC received a Paycheck Protection Loan of $3.69M through FIRST INTERSTATE BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Firstmark Construction, LLC's total 2019 payroll expenses were approximately $17.73M in order to qualify for the PPP loan amount received.

Based on their reported 265 jobs retained, this equals an estimated average yearly compensation of $66,892 per employee1.

Because the loan received by Firstmark Construction, LLC is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Firstmark Construction, LLC in Billings, MT

Firstmark Construction, LLC
6611 Trade Center Avenue
Billings, MT 59101

Business Industry

Other Heavy and Civil Engineering Construction (NAICS code 237990)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: MT-

Similar Companies near Billings

In the Billings area, 5 businesses in the "Other Heavy and Civil Engineering Construction" industry received a PPP loan. These local businesses reported an average of 88 employees (compared to this company's 265) and received an average PPP loan of $1,241,788 (compared to this company's $3.69M).

Industry PPP Comparison Statistics

Nationwide, 5,686 businesses in the "Other Heavy and Civil Engineering Construction" industry received a total of $1,754,404,434.00 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 19 employees, 93% lower than Firstmark Construction, LLC's reported 265 employees, and received an average PPP loan of $308,548, 92% lower than this company's loan of $3.69M.

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.

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Footnotes & Information

1. 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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Source: www.federalpay.org/paycheck-protection-program/firstmark-construction-llc-billings-mt