PPP Loan Data — Gimme Shelter Construction, Inc, Amherst, WI
Gimme Shelter Construction, Inc
Location: Amherst, WITweet This • Search All PPP Data
Gimme Shelter Construction, Inc is a corporation located at 343 County Road Kk Po Box 176 in Amherst, Wisconsin that received a Coronavirus-related PPP loan from the SBA of $47,067.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least eight people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:The International Bank of Amherst
Gimme Shelter Construction, Inc in Amherst, WI received a Paycheck Protection Loan of $47,067 through The International Bank of Amherst, 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 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, Gimme Shelter Construction, Inc's 2019 payroll expenses are estimated to be at least $225,922.
Based on their reported 8 jobs retained, this equals an estimated average yearly compensation of $28,240 per employee1
Reported PPP Proceed Usage:
On the PPP application, Gimme Shelter Construction, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $47,067
Business Information - Gimme Shelter Construction, Inc in Amherst, WI
343 County Road Kk Po Box 176
Amherst, WI 54406
New Single-Family Housing Construction (except For-Sale Builders)
NAICS code 236115
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Amherst
In the Amherst area, 10 businesses in the "New Single-Family Housing Construction (except For-Sale Builders)" industry received a PPP loan. These local businesses reported an average of 3 employees (compared to this company's 8) and received an average PPP loan of $22,584 (compared to this company's $47,067).
Similar Nearby Businesses Who Received PPP Funding:
Uhlig Construction Contractor LLC
Scott's Dream Builders LLC
Amherst Junction, WI
Amherst Junction, WI
Kubisiak Construction, LLC
Joe Cisewski, LLC
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 Gimme Shelter Construction, Inc's reported 8 employees, and received an average PPP loan of $45,182, 4% lower than this company's loan of $47,067.
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Footnotes & Information
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