PPP Loan Data — Kevin Wayne Rushing, Marks, MS
Kevin Wayne Rushing
Entity: Self-employed Individual
Location: Marks, MSTweet This • Search All PPP Data
Kevin Wayne Rushing is a self-employed individual located at 703 Airport Rd in Marks, Mississippi that received a Coronavirus-related PPP loan from the SBA of $25,100.00 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:Planters Bank & Trust Company
Kevin Wayne Rushing in Marks, MS received a Paycheck Protection Loan of $25,100 through Planters Bank & Trust Company, 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 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, Kevin Wayne Rushing's 2019 payroll expenses are estimated to be at least $120,480.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $40,160 per employee1
Reported PPP Proceed Usage:
On the PPP application, Kevin Wayne Rushing reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,100
Business Information - Kevin Wayne Rushing in Marks, MS
703 Airport Rd
Marks, MS 38646
Other Foundation, Structure, and Building Exterior Contractors
NAICS code 238190
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Female Owned
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Rural
Similar Companies near Marks
In the Marks area, 3 businesses in the "Other Foundation, Structure, and Building Exterior Contractors" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 3) and received an average PPP loan of $18,615 (compared to this company's $25,100).
Similar Nearby Businesses Who Received PPP Funding:
Industry PPP Comparison Statistics
Nationwide, 11,071 businesses in the "Other Foundation, Structure, and Building Exterior Contractors" industry received a total of $855.1M 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 Kevin Wayne Rushing's reported 3 employees, and received an average PPP loan of $77,238, 208% higher than this company's loan of $25,100.
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