PPP Loan Data — Hopper And Ro Paint And Design, Inc, Great Falls, MT
Hopper And Ro Paint And Design, Inc is a subchapter s corporation located at 900 9th St S in Great Falls, Montana that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in April, 2020.
The company has reported itself as a female owned business, and employed at least three people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Stockman Bank of Montana
Hopper And Ro Paint And Design, Inc in Great Falls, MT received a Paycheck Protection Loan of $25,000 through Stockman Bank of Montana, 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 February, 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, Hopper And Ro Paint And Design, Inc's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $40,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, Hopper And Ro Paint And Design, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - Hopper And Ro Paint And Design, Inc in Great Falls, MT
900 9th St S
Great Falls, MT 59405
Paint and Wallpaper Stores
NAICS code 444120
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Female Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 1,880 businesses in the "Paint and Wallpaper Stores" industry received a total of $113.37M 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 7 employees, 133% higher than Hopper And Ro Paint And Design, Inc's reported 3 employees, and received an average PPP loan of $60,301, 141% higher than this company's loan of $25,000.
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Footnotes & Information
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