PPP Loan Data — K.v. Sawmill, Belleville, PA
K.v. Sawmill is a partnership located at 135 Sawmill Road in Belleville, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $46,800.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:First National Bank of Pennsylvania
K.v. Sawmill in Belleville, PA received a Paycheck Protection Loan of $46,800 through First National Bank of Pennsylvania, 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, K.v. Sawmill's 2019 payroll expenses are estimated to be at least $224,640.
Based on their reported 6 jobs retained, this equals an estimated average yearly compensation of $37,440 per employee1
Reported PPP Proceed Usage:
On the PPP application, K.v. Sawmill reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,800
Business Information - K.v. Sawmill in Belleville, PA
135 Sawmill Road
Belleville, PA 17004
All Other Business Support Services
NAICS code 561499
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Belleville
In the Belleville area, 7 businesses in the "All Other Business Support Services" industry received a PPP loan. These local businesses reported an average of 4 employees (compared to this company's 6) and received an average PPP loan of $47,652 (compared to this company's $46,800).
Similar Nearby Businesses Who Received PPP Funding:
ST. Paul The Apostle Charitable Trust
Daubert T&T LLC
Hostetler Trucking LLC
Dutch Mill Bulbs Inc
Greater Mission LLC
Industry PPP Comparison Statistics
Nationwide, 53,190 businesses in the "All Other Business Support Services" industry received a total of $2.63B 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 6 employees, the same amount reported by K.v. Sawmill and received an average PPP loan of $49,465, 6% higher than this company's loan of $46,800.
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Footnotes & Information
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