PPP Loan Data — Henry Brockman Concrete, LLC, Lebanon, KY
Henry Brockman Concrete, LLC
Entity: Limited Liability Company (LLC)
Location: Lebanon, KYTweet This • Search All PPP Data
Henry Brockman Concrete, LLC is a limited liability company (LLC) located at 4875 Danville Hwy in Lebanon, Kentucky that received a Coronavirus-related PPP loan from the SBA of $25,138.00 in July, 2020.
The company has reported itself as a White male owned business, and employed at least two people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:The Citizens National Bank of Lebanon
Henry Brockman Concrete, LLC in Lebanon, KY received a Paycheck Protection Loan of $25,138 through The Citizens National Bank of Lebanon, which was approved in July, 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, Henry Brockman Concrete, LLC's 2019 payroll expenses are estimated to be at least $120,662.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $60,331 per employee1
Reported PPP Proceed Usage:
On the PPP application, Henry Brockman Concrete, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $15,083
- Utilities: $10,055
Business Information - Henry Brockman Concrete, LLC in Lebanon, KY
4875 Danville Hwy
Lebanon, KY 40033
Poured Concrete Foundation and Structure Contractors
NAICS code 238110
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 Lebanon
In the Lebanon area, 4 businesses in the "Poured Concrete Foundation and Structure Contractors" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 2) and received an average PPP loan of $15,923 (compared to this company's $25,138).
Similar Nearby Businesses Who Received PPP Funding:
Overfelt Contracting, Inc
Industry PPP Comparison Statistics
Nationwide, 21,801 businesses in the "Poured Concrete Foundation and Structure Contractors" industry received a total of $3.02B 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 13 employees, 550% higher than Henry Brockman Concrete, LLC's reported 2 employees, and received an average PPP loan of $138,620, 451% higher than this company's loan of $25,138.
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Footnotes & Information
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