PPP Loan Data — Jim Billadeau, St. Louis, MO
Jim Billadeau is a sole proprietorship located at 15251 Country Ridge Dr in St. Louis, Missouri that received a Coronavirus-related PPP loan from the SBA of $25,273.00 in May, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Jim Billadeau in St. Louis, MO received a Paycheck Protection Loan of $25,273 through Carrollton 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 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, Jim Billadeau's 2019 payroll expenses are estimated to be at least $121,310.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $60,655 per employee1
Reported PPP Proceed Usage:
On the PPP application, Jim Billadeau reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $18,955
- Rent: $6,318
Business Information - Jim Billadeau in St. Louis, MO
15251 Country Ridge Dr
St. Louis, MO 63017
NAICS code 236118
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near St. Louis
In the St. Louis area, 17 businesses in the "Residential Remodelers" 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 $26,608 (compared to this company's $25,273).
Similar Nearby Businesses Who Received PPP Funding:
Stumpf Construction Company LLC
Stumpf Construction Company
Rekindle Renovations LLC
Lane Mathew LLC
St. Louis, MO
5Stone Construction, LLC
Industry PPP Comparison Statistics
Nationwide, 175,017 businesses in the "Residential Remodelers" industry received a total of $5.32B 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 3 employees, 50% higher than Jim Billadeau's reported 2 employees, and received an average PPP loan of $30,405, 20% higher than this company's loan of $25,273.
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Footnotes & Information
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