PPP Loan Data — Flipping 307 Construction, Gillette, WY
Flipping 307 Construction
Entity: Sole Proprietorship
Location: Gillette, WYTweet This • Search All PPP Data
Flipping 307 Construction is a sole proprietorship located at 413 12th St W in Gillette, Wyoming that received a Coronavirus-related PPP loan from the SBA of $45,791.00 in May, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:U.S. Bank, National Association
Flipping 307 Construction in Gillette, WY received a Paycheck Protection Loan of $45,791 through U.S. Bank, National Association, which was approved in May, 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 June, 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, Flipping 307 Construction's 2019 payroll expenses are estimated to be at least $219,797.
Based on their reported 8 jobs retained, this equals an estimated average yearly compensation of $27,475 per employee1
Reported PPP Proceed Usage:
On the PPP application, Flipping 307 Construction reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $45,791
Business Information - Flipping 307 Construction in Gillette, WY
413 12th St W
Gillette, WY 82716
New Single-Family Housing Construction (except For-Sale Builders)
NAICS code 236115
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Gillette
In the Gillette area, 7 businesses in the "New Single-Family Housing Construction (except For-Sale Builders)" industry received a PPP loan. These local businesses reported an average of 8 employees (compared to this company's 8) and received an average PPP loan of $72,871 (compared to this company's $45,791).
Similar Nearby Businesses Who Received PPP Funding:
Gorman Construction, LLC
Silver Nail Construc
Rozier Construction, LLC
Silver Nail Construction LLC
Michael's Construction Inc
Industry PPP Comparison Statistics
Nationwide, 127,156 businesses in the "New Single-Family Housing Construction (except For-Sale Builders)" industry received a total of $5.75B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 5 employees, 38% lower than Flipping 307 Construction's reported 8 employees, and received an average PPP loan of $45,182, 1% lower than this company's loan of $45,791.
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Footnotes & Information
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