PPP Loan Data — Gregg Barney Excavation Inc, Meridian, ID
Gregg Barney Excavation Inc
Entity: Subchapter S Corporation
Location: Meridian, IDTweet This • Search All PPP Data
Gregg Barney Excavation Inc is a subchapter s corporation located at 6687 N. Barney Lane in Meridian, Idaho that received a Coronavirus-related PPP loan from the SBA of $46,560.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Capital Educators FCU
Gregg Barney Excavation Inc in Meridian, ID received a Paycheck Protection Loan of $46,560 through Capital Educators FCU, 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, Gregg Barney Excavation Inc's 2019 payroll expenses are estimated to be at least $223,488.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $55,872 per employee1
Reported PPP Proceed Usage:
On the PPP application, Gregg Barney Excavation Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,560
Business Information - Gregg Barney Excavation Inc in Meridian, ID
6687 N. Barney Lane
Meridian, ID 83646
Commercial and Institutional Building Construction
NAICS code 236220
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Meridian
In the Meridian area, 12 businesses in the "Commercial and Institutional Building Construction" industry received a PPP loan. These local businesses reported an average of 6 employees (compared to this company's 4) and received an average PPP loan of $45,077 (compared to this company's $46,560).
Similar Nearby Businesses Who Received PPP Funding:
Havin Homes Design Build LLC
Riverside Construction Inc
Mauk Construction, LLC
Northwest Disaster Services
Bideganeta Construction Inc
Mountain Home, ID
Accent Construction, Inc
Lovan Renovations LLC
Industry PPP Comparison Statistics
Nationwide, 78,873 businesses in the "Commercial and Institutional Building Construction" industry received a total of $12.41B 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 12 employees, 200% higher than Gregg Barney Excavation Inc's reported 4 employees, and received an average PPP loan of $157,325, 238% higher than this company's loan of $46,560.
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Footnotes & Information
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