PPP Loan Data — Maxon Distribution LLC, Omaha, NE
Maxon Distribution LLC is a limited liability company (LLC) located at 10133 J St in Omaha, Nebraska that received a Coronavirus-related PPP loan from the SBA of $47,005.00 in January, 2021.
PPP Loan Information
Loan Status:Ongoing Loan
Maxon Distribution LLC in Omaha, NE received a Paycheck Protection Loan of $47,005 through Enterprise Bank, 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, Maxon Distribution LLC's 2019 payroll expenses are estimated to be at least $225,624.
Based on their reported 6 jobs retained, this equals an estimated average yearly compensation of $37,604 per employee1
Reported PPP Proceed Usage:
On the PPP application, Maxon Distribution LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $47,001
- Utilities: $1
Business Information - Maxon Distribution LLC in Omaha, NE
10133 J St
Omaha, NE 68127
NAICS code 238140
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Omaha
In the Omaha area, 4 businesses in the "Masonry Contractors" industry received a PPP loan. These local businesses reported an average of 10 employees (compared to this company's 6) and received an average PPP loan of $29,068 (compared to this company's $47,005).
Similar Nearby Businesses Who Received PPP Funding:
Soto Stone Ll C
Soto Stone LLC
La Vista, NE
Industry PPP Comparison Statistics
Nationwide, 16,648 businesses in the "Masonry Contractors" industry received a total of $1.65B 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 9 employees, 50% higher than Maxon Distribution LLC's reported 6 employees, and received an average PPP loan of $99,369, 111% higher than this company's loan of $47,005.
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Footnotes & Information
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