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PPP Loan Data — Kinghorn Homes LLC,
Rigby, ID
Kinghorn Homes LLC
Entity: Limited Liability Company (LLC)
Industry: Residential Remodelers
Location: Rigby, ID
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Kinghorn Homes LLC is a limited liability company (LLC) located in Rigby, Idaho that received a Coronavirus-related PPP loan from the SBA of $12,800.00 in April, 2021.
$
PPP Loan Information
Loan #3800518809
Loan Size:
Jobs Retained:
1Loan Approved:
2021-04-15Loan Status:
Paid in Full or ForgivenLender:
The Bank of CommerceKinghorn Homes LLC in Rigby, ID received a Paycheck Protection Loan of $12,800 through The Bank of Commerce, which was approved in April, 2021.
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 November, 2021.
Reported PPP Proceed Usage:
On the PPP application, Kinghorn Homes LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $12,797
- Utilities: $1
Business Information - Kinghorn Homes LLC in Rigby, ID
Rigby, ID
* Full address is redacted to protect the privacy of individuals.
Business Industry:
Residential Remodelers
NAICS code 236118
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Rural
Similar Companies near Rigby
In the Rigby area, 8 businesses in the "Residential Remodelers" industry received a PPP loan. These local businesses reported an average of 7 employees (compared to this company's 1) and received an average PPP loan of $50,645 (compared to this company's $12,800).
Similar Nearby Businesses Who Received PPP Funding:
Sublime Renovations Inc
Rigby, ID
Farnsworth Custom Installs
Rigby, ID
Perfect Garage Storage Solutions LLC
Rigby, ID
Sumo Moving LLC
Rigby, ID
Doug's Construction And Repair Inc
Rigby, ID
Eagle Rock Ventures LLC
Rigby, ID
Vernon Construction And Contracting LLC
Rigby, ID
Industry PPP Comparison Statistics
Nationwide, 166,608 businesses in the "Residential Remodelers" industry received a total of $5.16B 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, 200% higher than Kinghorn Homes LLC's reported 1 employees, and received an average PPP loan of $30,994, 142% higher than this company's loan of $12,800.
Kinghorn Homes, LLC
Entity: Limited Liability Company (LLC)
Industry: New Single-Family Housing Construction (except For-Sale Builders)
Location: Rigby, ID
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Kinghorn Homes, LLC is a limited liability company (LLC) located at 188 N 3833 E in Rigby, Idaho that received a Coronavirus-related PPP loan from the SBA of $12,700.00 in May, 2020.
$
PPP Loan Information
Loan #7284577407
Loan Size:
Jobs Retained:
2Loan Approved:
2020-05-16Loan Status:
Paid in Full or ForgivenLender:
The Bank of CommerceKinghorn Homes, LLC in Rigby, ID received a Paycheck Protection Loan of $12,700 through The Bank of Commerce, 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 March, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased 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, Kinghorn Homes, LLC's 2019 payroll expenses are estimated to be at least $60,960.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $30,480 per employee1
Reported PPP Proceed Usage:
On the PPP application, Kinghorn Homes, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $12,700
Business Information - Kinghorn Homes, LLC in Rigby, ID
188 N 3833 E
Rigby, ID 83442
Business Industry:
New Single-Family Housing Construction (except For-Sale Builders)
NAICS code 236115
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Rural
Similar Companies near Rigby
In the Rigby area, 18 businesses in the "New Single-Family Housing Construction (except For-Sale Builders)" industry received a PPP loan. These local businesses reported an average of 6 employees (compared to this company's 2) and received an average PPP loan of $37,059 (compared to this company's $12,700).
Similar Nearby Businesses Who Received PPP Funding:
Jace Groth
Rigby, ID
Cleve Burnside Construction LLC
Rigby, ID
Gregory's Construction LLC
Rigby, ID
Total Dedication To Quality LLC
Rigby, ID
Kauer Construction, LLC
Rigby, ID
Champion Construction, LLC
Rigby, ID
B & B Builders Inc
Rigby, ID
Metal Man Construction, LLC
Rigby, ID
Mike Rutledge Excavating LLC
Rigby, ID
Industry PPP Comparison Statistics
Nationwide, 125,433 businesses in the "New Single-Family Housing Construction (except For-Sale Builders)" industry received a total of $5.71B 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 5 employees, 150% higher than Kinghorn Homes, LLC's reported 2 employees, and received an average PPP loan of $45,486, 258% higher than this company's loan of $12,700.
FederalPay's PPP Information Policy
Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan.
All information displayed on this page is publicly available information under PPP loan guidelines, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.
Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.
Footnotes & Information
1. Estimations for informational purposes only. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.
2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.
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