PPP Loan Data — Leggett Custom Homes Inc, Arlington, VT
Leggett Custom Homes Inc is a corporation located at 2216 Sunderland Hill Rd in Arlington, Vermont that received a Coronavirus-related PPP loan from the SBA of $25,300.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:The Bank of Bennington
Leggett Custom Homes Inc in Arlington, VT received a Paycheck Protection Loan of $25,300 through The Bank of Bennington, 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, Leggett Custom Homes Inc's 2019 payroll expenses are estimated to be at least $121,440.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $40,480 per employee1
Reported PPP Proceed Usage:
On the PPP application, Leggett Custom Homes Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,300
Business Information - Leggett Custom Homes Inc in Arlington, VT
2216 Sunderland Hill Rd
Arlington, VT 5250
New Housing For-Sale Builders
NAICS code 236117
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Industry PPP Comparison Statistics
Nationwide, 13,447 businesses in the "New Housing For-Sale Builders" industry received a total of $1.03B 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 7 employees, 133% higher than Leggett Custom Homes Inc's reported 3 employees, and received an average PPP loan of $76,411, 202% higher than this company's loan of $25,300.
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Footnotes & Information
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