PPP Loan Data — Freedom Fabrication And Metal Art, LLC, Helena, MT
Freedom Fabrication And Metal Art, LLC is a limited liability company (LLC) located at 6400 Silverwood Loop in Helena, Montana that received a Coronavirus-related PPP loan from the SBA of $25,057.00 in May, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:First Interstate Bank
Freedom Fabrication And Metal Art, LLC in Helena, MT received a Paycheck Protection Loan of $25,057 through First Interstate Bank, 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 December, 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, Freedom Fabrication And Metal Art, LLC's 2019 payroll expenses are estimated to be at least $120,274.
Based on their reported 13 jobs retained, this equals an estimated average yearly compensation of $9,252 per employee1
Reported PPP Proceed Usage:
On the PPP application, Freedom Fabrication And Metal Art, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,057
Business Information - Freedom Fabrication And Metal Art, LLC in Helena, MT
6400 Silverwood Loop
Helena, MT 59602
NAICS code 561730
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Helena
In the Helena area, 17 businesses in the "Landscaping Services" industry received a PPP loan. These local businesses reported an average of 9 employees (compared to this company's 13) and received an average PPP loan of $44,194 (compared to this company's $25,057).
Similar Nearby Businesses Who Received PPP Funding:
Fire & Ice Lawn Care And Snow Remov
Spieker Sprinklers, Inc
D & H Lawn Care, LLC
Philip Engel Inc
406 Landscapes Inc
Mlekush Mowing & Property Maintenance, LLC
Industry PPP Comparison Statistics
Nationwide, 138,585 businesses in the "Landscaping Services" industry received a total of $6.03B 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, 62% lower than Freedom Fabrication And Metal Art, LLC's reported 13 employees, and received an average PPP loan of $43,486, 74% higher than this company's loan of $25,057.
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Footnotes & Information
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