PPP Loan Data — Luke Magargal Custom Building, Cody, WY
Luke Magargal Custom Building
Entity: Subchapter S Corporation
Location: Cody, WYTweet This • Search All PPP Data
Luke Magargal Custom Building is a subchapter s corporation located at 31 Patriot Dr in Cody, Wyoming that received a Coronavirus-related PPP loan from the SBA of $46,253.00 in January, 2021.
PPP Loan Information
Loan Status:Ongoing Loan
Luke Magargal Custom Building in Cody, WY received a Paycheck Protection Loan of $46,253 through Pinnacle Bank-Wyoming, which was approved 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, Luke Magargal Custom Building's 2019 payroll expenses are estimated to be at least $222,014.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $44,403 per employee1
Reported PPP Proceed Usage:
On the PPP application, Luke Magargal Custom Building reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,253
Business Information - Luke Magargal Custom Building in Cody, WY
31 Patriot Dr
Cody, WY 82414
New Single-Family Housing Construction (except For-Sale Builders)
NAICS code 236115
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Cody
In the Cody area, 29 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 5) and received an average PPP loan of $32,764 (compared to this company's $46,253).
Similar Nearby Businesses Who Received PPP Funding:
M&K Custom Wood, LLC
Hendrich Building Company LLC
Every Cut Above, Inc
Reiter Custom Homes, LLC
Ridgeline Custom Builders, Inc
Great Scott Construction
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, the same amount reported by Luke Magargal Custom Building and received an average PPP loan of $45,182, 2% lower than this company's loan of $46,253.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!