PPP Loan Data — Lane Enterprises LLC, Helena, MT
Lane Enterprises LLC is a partnership located in Helena, Montana that received a Coronavirus-related PPP loan from the SBA of $3,700.00 in May, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Stockman Bank of Montana
Lane Enterprises LLC in Helena, MT received a Paycheck Protection Loan of $3,700 through Stockman Bank of Montana, 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.
Reported PPP Proceed Usage:
On the PPP application, Lane Enterprises LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $3,700
Business Information - Lane Enterprises LLC in Helena, MT
* Full address is redacted to protect the privacy of individuals.
General Automotive Repair
NAICS code 811111
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Helena
In the Helena area, 25 businesses in the "General Automotive Repair" industry received a PPP loan. These local businesses reported an average of 6 employees (compared to this company's 1) and received an average PPP loan of $53,552 (compared to this company's $3,700).
Similar Nearby Businesses Who Received PPP Funding:
Montana Auto Restoration Services Inc
J & D Truck Repair Inc
Performance Authority Truck & Off Road LLC
Auto Care Auto Repair LLC
Double B H & P LLC
Chancy's Automotive, LLC
Industry PPP Comparison Statistics
Nationwide, 93,576 businesses in the "General Automotive Repair" industry received a total of $3.91B 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 5 employees, 400% higher than Lane Enterprises LLC's reported 1 employees, and received an average PPP loan of $41,799, 1030% higher than this company's loan of $3,700.
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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