PPP Loan Data — Maple Springs Management LLC, North Logan, UT
Maple Springs Management LLC is a limited liability company (LLC) located at 350 E 2200 N in North Logan, Utah that received a Coronavirus-related PPP loan from the SBA of $1,550,000.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Cache Valley Bank
Maple Springs Management LLC in North Logan, UT received a Paycheck Protection Loan of $1.55M through Cache Valley 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 June, 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, Maple Springs Management LLC's 2019 payroll expenses are estimated to be at least $7.44M.
Based on their reported 145 jobs retained, this equals an estimated average yearly compensation of $51,310 per employee1
Reported PPP Proceed Usage:
On the PPP application, Maple Springs Management LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,550,000
Business Information - Maple Springs Management LLC in North Logan, UT
350 E 2200 N
North Logan, UT 84341
Offices of Other Holding Companies
NAICS code 551112
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 12,536 businesses in the "Offices of Other Holding Companies" industry received a total of $1.56B 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 13 employees, 91% lower than Maple Springs Management LLC's reported 145 employees, and received an average PPP loan of $124,396, 92% lower than this company's loan of $1.55M.
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Footnotes & Information
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