PPP Loan Data — Mills General, LLC, Chehalis, WA
Mills General, LLC is a corporation located at Po Box 1674 in Chehalis, Washington that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Mills General, LLC in Chehalis, WA received a Paycheck Protection Loan of $25,000 through Umpqua 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, Mills General, LLC's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $60,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, Mills General, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - Mills General, LLC in Chehalis, WA
Po Box 1674
Chehalis, WA 98532
Site Preparation Contractors
NAICS code 238910
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Chehalis
In the Chehalis area, 12 businesses in the "Site Preparation Contractors" industry received a PPP loan. These local businesses reported an average of 12 employees (compared to this company's 2) and received an average PPP loan of $168,615 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
Derrick's Tree Service Inc
Scherer Trucking & Excavation Inc
Mccallum Powder LLC
Skyline Pump & Machine Co Inc
Barcott Construction LLC
Gadjr Investments Inc. DBA Ditch Maintenance Services
Hagseth Excavating Inc
Mccallum Rock Drilling, Inc
Industry PPP Comparison Statistics
Nationwide, 30,927 businesses in the "Site Preparation Contractors" industry received a total of $4.31B 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 12 employees, 500% higher than Mills General, LLC's reported 2 employees, and received an average PPP loan of $139,293, 457% higher than this company's loan of $25,000.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!