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PPP Loan Data — Miller Insulation Co, Inc., Bismarck, ND

SBA PPP loan data, payroll data, and salaries for Miller Insulation Co, Inc.
ND

Miller Insulation Co, Inc.

Entity: Subchapter S Corporation

Industry: Industrial Building Construction

Location: Bismarck, ND

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Miller Insulation Co, Inc. is a subchapter s corporation located at 3520 E. Century Avenue in Bismarck, North Dakota that received a Coronavirus-related PPP loan from the SBA of $7,731,800.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$7.73M

Jobs Retained:

394

Loan Approved:

2020-04-03

Lender:

FIRST WESTERN BANK & TRUST

Miller Insulation Co, Inc. in Bismarck, ND received a Paycheck Protection Loan of $7.73M through FIRST WESTERN BANK & TRUST, which was approved in April, 2020.

Based on standard PPP eligibility rules, Miller Insulation Co, Inc.'s total 2019 payroll expenses were approximately $37.11M in order to qualify for the PPP loan amount received.

Based on their reported 394 jobs retained, this equals an estimated average yearly compensation of $94,195 per employee1.

Because the loan received by Miller Insulation Co, Inc. is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Miller Insulation Co, Inc. in Bismarck, ND

Miller Insulation Co, Inc.
3520 E. Century Avenue
Bismarck, ND 58503

Business Industry

Industrial Building Construction (NAICS code 236210)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: ND-

Similar Companies near Bismarck

In the Bismarck area, 5 businesses in the "Industrial Building Construction" industry received a PPP loan. These local businesses reported an average of 120 employees (compared to this company's 394) and received an average PPP loan of $2,151,617 (compared to this company's $7.73M).

Industry PPP Comparison Statistics

Nationwide, 7,553 businesses in the "Industrial Building Construction" industry received a total of $1,532,091,139.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.

PPP recipients in this industry report an average of 13 employees, 97% lower than Miller Insulation Co, Inc.'s reported 394 employees, and received an average PPP loan of $202,845, 97% lower than this company's loan of $7.73M.

FederalPay's PPP Information Policy

Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan. All information displayed on this page is publicly available information under PPP loan guidelines, and is published unmodified, as provided by the SBA.

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Footnotes & Information

1. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.

2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.


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Source: www.federalpay.org/paycheck-protection-program/miller-insulation-co-inc-bismarck-nd