PPP Loan Data — Lueken Livestock And Grain Inc, Birdseye, IN
Lueken Livestock And Grain Inc is a corporation located at 9589 E 175 S in Birdseye, Indiana that received a Coronavirus-related PPP loan from the SBA of $25,200.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Old National Bank
Lueken Livestock And Grain Inc in Birdseye, IN received a Paycheck Protection Loan of $25,200 through Old National Bank, 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 December, 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, Lueken Livestock And Grain Inc's 2019 payroll expenses are estimated to be at least $120,960.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $60,480 per employee1
Reported PPP Proceed Usage:
On the PPP application, Lueken Livestock And Grain Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,200
Business Information - Lueken Livestock And Grain Inc in Birdseye, IN
9589 E 175 S
Birdseye, IN 47513
Hog and Pig Farming
NAICS code 112210
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Birdseye
In the Birdseye area, 7 businesses in the "Hog and Pig Farming" industry received a PPP loan. These local businesses reported an average of 3 employees (compared to this company's 2) and received an average PPP loan of $37,112 (compared to this company's $25,200).
Similar Nearby Businesses Who Received PPP Funding:
Sigler Creek Farms LLC
Buckthal Farms LLC
Lueken Livestock & Grain Inc
Gutgsell Livestock & Grain LLC
Industry PPP Comparison Statistics
Nationwide, 10,861 businesses in the "Hog and Pig Farming" industry received a total of $356.88M 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 4 employees, 100% higher than Lueken Livestock And Grain Inc's reported 2 employees, and received an average PPP loan of $32,859, 30% higher than this company's loan of $25,200.
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Footnotes & Information
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