PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Lloyd Companies, Inc., Sioux Falls, SD

SBA PPP loan data, payroll data, and salaries for Lloyd Companies, Inc.
SD

Lloyd Companies, Inc.

Entity: Corporation

Industry: Commercial and Institutional Building Construction

Location: Sioux Falls, SD

Search All PPP Data

Lloyd Companies, Inc. is a corporation located at 101 S Reid St, Suite 201 in Sioux Falls, South Dakota that received a Coronavirus-related PPP loan from the SBA of $2,450,900.00 in April, 2020.

The company has reported itself as a male owned business, and employed at least 180 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$2.45M

Jobs Retained:

180

Loan Approved:

2020-04-06

Lender:

LIBERTY NATIONAL BANK

Lloyd Companies, Inc. received a Paycheck Protection Loan of $2.45M through LIBERTY NATIONAL BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Lloyd Companies, Inc.'s total 2019 payroll expenses were approximately $11.76M in order to qualify for the PPP loan amount received.

Based on their reported 180 jobs retained, this equals an estimated average yearly compensation of $65,357 per employee1.

Because the loan received by Lloyd Companies, Inc. is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Lloyd Companies, Inc. in Sioux Falls, SD

Lloyd Companies, Inc.
101 S Reid St, Suite 201
Sioux Falls, SD 57103

Business Industry

Commercial and Institutional Building Construction (NAICS code 236220)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: MALE OWNED

Veteran Status: NON-VETERAN

Congressional District: SD-

Similar Companies near Sioux Falls

In the Sioux Falls area, 17 businesses in the "Commercial and Institutional Building Construction" industry received a PPP loan. These local businesses reported an average of 35 employees (compared to this company's 180) and received an average PPP loan of $363,224 (compared to this company's $2.45M).

Industry PPP Comparison Statistics

Nationwide, 39,925 businesses in the "Commercial and Institutional Building Construction" industry received a total of $8,114,153,480.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 2% of the total PPP funding allocated.

PPP recipients in this industry report an average of 13 employees, 93% lower than Lloyd Companies, Inc.'s reported 180 employees, and received an average PPP loan of $203,235, 92% lower than this company's loan of $2.45M.

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.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. 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.


Have FederalPay.org's open data tools been valuable? Consider donating!

** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/lloyd-companies-inc-sioux-falls-sd