PPP Loan Data — Mod4 Construction, LLC, Kalama, WA
Mod4 Construction, LLC is a limited liability company (LLC) located at 340 Cemetery Rd in Kalama, Washington that received a Coronavirus-related PPP loan from the SBA of $25,200.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least seven people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Mod4 Construction, LLC in Kalama, WA received a Paycheck Protection Loan of $25,200 through Fibre FCU, 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 May, 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, Mod4 Construction, LLC's 2019 payroll expenses are estimated to be at least $120,960.
Based on their reported 7 jobs retained, this equals an estimated average yearly compensation of $17,280 per employee1
Reported PPP Proceed Usage:
On the PPP application, Mod4 Construction, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $18,900
- Utilities: $1,260
- Mortgage Interest: $5,040
Business Information - Mod4 Construction, LLC in Kalama, WA
340 Cemetery Rd
Kalama, WA 98625
NAICS code 236118
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Kalama
In the Kalama area, 13 businesses in the "Residential Remodelers" industry received a PPP loan. These local businesses reported an average of 4 employees (compared to this company's 7) and received an average PPP loan of $24,992 (compared to this company's $25,200).
Similar Nearby Businesses Who Received PPP Funding:
New Leaf Contracting Inc
Reality Contracting Inc
Roberts Restorations Inc
Seniors Property Services LLC
Construction Solutions West Inc
Hurula & Sons General Contracting LLC
First Choice Homes
Industry PPP Comparison Statistics
Nationwide, 175,017 businesses in the "Residential Remodelers" industry received a total of $5.32B 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 3 employees, 57% lower than Mod4 Construction, LLC's reported 7 employees, and received an average PPP loan of $30,405, 21% higher than this company's loan of $25,200.
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Footnotes & Information
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