PPP Loan Data — Jim Murfin Construction, Inc, Liberty, IL
Jim Murfin Construction, Inc
Location: Liberty, ILTweet This • Search All PPP Data
Jim Murfin Construction, Inc is a corporation located at 335 E 2350th St in Liberty, Illinois that received a Coronavirus-related PPP loan from the SBA of $25,073.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least three people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Jim Murfin Construction, Inc in Liberty, IL received a Paycheck Protection Loan of $25,073 through Liberty Bank, 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, Jim Murfin Construction, Inc's 2019 payroll expenses are estimated to be at least $120,350.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $40,117 per employee1
Reported PPP Proceed Usage:
On the PPP application, Jim Murfin Construction, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,073
Business Information - Jim Murfin Construction, Inc in Liberty, IL
335 E 2350th St
Liberty, IL 62347
Commercial and Institutional Building Construction
NAICS code 236220
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
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, 300% higher than Jim Murfin Construction, Inc's reported 3 employees, and received an average PPP loan of $157,325, 527% higher than this company's loan of $25,073.
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Footnotes & Information
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