PPP Loan Data — Kounty Line Builders LLC, Howard, PA
Kounty Line Builders LLC is a limited liability company (LLC) located at 325 Nittany Ridge Rd in Howard, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $24,960.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least four people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Kounty Line Builders LLC in Howard, PA received a Paycheck Protection Loan of $24,960 through AgChoice ACA, which was approved in April, 2020.
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, Kounty Line Builders LLC's 2019 payroll expenses are estimated to be at least $119,808.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $29,952 per employee1
Reported PPP Proceed Usage:
On the PPP application, Kounty Line Builders LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,160
- Utilities: $800
Business Information - Kounty Line Builders LLC in Howard, PA
325 Nittany Ridge Rd
Howard, PA 16841
NAICS code 112112
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, 8,650 businesses in the "Cattle Feedlots" industry received a total of $269.25M 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 3 employees, 25% lower than Kounty Line Builders LLC's reported 4 employees, and received an average PPP loan of $31,127, 25% higher than this company's loan of $24,960.
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Footnotes & Information
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