PPP Loan Data — Millenkamp Cattle, Inc, Jerome, ID
Millenkamp Cattle, Inc is a corporation located at 471 N 300 W in Jerome, Idaho that received a Coronavirus-related PPP loan from the SBA of $4,045,393.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:KeyBank National Association
Millenkamp Cattle, Inc in Jerome, ID received a Paycheck Protection Loan of $4.05M through KeyBank National Association, which was approved in April, 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, Millenkamp Cattle, Inc's 2019 payroll expenses are estimated to be at least $19.42M.
Based on their reported 270 jobs retained, this equals an estimated average yearly compensation of $71,918 per employee1
Reported PPP Proceed Usage:
On the PPP application, Millenkamp Cattle, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $4,045,393
Business Information - Millenkamp Cattle, Inc in Jerome, ID
471 N 300 W
Jerome, ID 83338
General Freight Trucking, Local
NAICS code 484110
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Jerome
In the Jerome area, 32 businesses in the "General Freight Trucking, Local" industry received a PPP loan. These local businesses reported an average of 15 employees (compared to this company's 270) and received an average PPP loan of $199,695 (compared to this company's $4.05M).
Similar Nearby Businesses Who Received PPP Funding:
Sobotka Farms Transportation, LLC
Happy Hour Feeds LLC
Oren J. Hollifield
Smokey Mountain Transport, Lc
Bennetts Truck And Equipment Repair
Magic Valley Quality Milk Transport LLC
Industry PPP Comparison Statistics
Nationwide, 175,867 businesses in the "General Freight Trucking, Local" industry received a total of $6.6B 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 4 employees, 99% lower than Millenkamp Cattle, Inc's reported 270 employees, and received an average PPP loan of $37,520, 99% lower than this company's loan of $4.05M.
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Footnotes & Information
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