PPP Loan Data — Habitat For Humanity Of Glasgow-Barren County, Inc, Glasgow, KY
Habitat For Humanity Of Glasgow-Barren County, Inc is a non-profit organization located at 506 W Main St in Glasgow, Kentucky that received a Coronavirus-related PPP loan from the SBA of $25,147.00 in May, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Edmonton State Bank
Habitat For Humanity Of Glasgow-Barren County, Inc in Glasgow, KY received a Paycheck Protection Loan of $25,147 through Edmonton State 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 January, 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, Habitat For Humanity Of Glasgow-Barren County, Inc's 2019 payroll expenses are estimated to be at least $120,706.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $24,141 per employee1
Reported PPP Proceed Usage:
On the PPP application, Habitat For Humanity Of Glasgow-Barren County, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,147
Business Information - Habitat For Humanity Of Glasgow-Barren County, Inc in Glasgow, KY
506 W Main St
Glasgow, KY 42141
NAICS code 444110
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Rural
Industry PPP Comparison Statistics
Nationwide, 3,151 businesses in the "Home Centers" industry received a total of $435M 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 15 employees, 200% higher than Habitat For Humanity Of Glasgow-Barren County, Inc's reported 5 employees, and received an average PPP loan of $138,053, 449% higher than this company's loan of $25,147.
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Footnotes & Information
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