PPP Loan Data — Lanser Builders Inc, Salcha, AK
Lanser Builders Inc
Entity: Subchapter S Corporation
Location: Salcha, AKTweet This • Search All PPP Data
Lanser Builders Inc is a subchapter s corporation located at 6835 Frostbite Ct in Salcha, Alaska that received a Coronavirus-related PPP loan from the SBA of $46,421.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:KeyBank National Association
Lanser Builders Inc in Salcha, AK received a Paycheck Protection Loan of $46,421 through KeyBank National Association, 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, Lanser Builders Inc's 2019 payroll expenses are estimated to be at least $222,821.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $74,274 per employee1
Reported PPP Proceed Usage:
On the PPP application, Lanser Builders Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,421
Business Information - Lanser Builders Inc in Salcha, AK
6835 Frostbite Ct
Salcha, AK 99714
New Single-Family Housing Construction (except For-Sale Builders)
NAICS code 236115
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Salcha
In the Salcha area, 2 businesses in the "New Single-Family Housing Construction (except For-Sale Builders)" industry received a PPP loan. These local businesses reported an average of 4 employees (compared to this company's 3) and received an average PPP loan of $35,950 (compared to this company's $46,421).
Similar Nearby Businesses Who Received PPP Funding:
D &T Builders LLC
Industry PPP Comparison Statistics
Nationwide, 127,156 businesses in the "New Single-Family Housing Construction (except For-Sale Builders)" industry received a total of $5.75B 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, 67% higher than Lanser Builders Inc's reported 3 employees, and received an average PPP loan of $45,182, 3% lower than this company's loan of $46,421.
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Footnotes & Information
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