PPP Loan Data — Mountain Millworks LLC, Carson City, NV
Mountain Millworks LLC
Entity: Limited Liability Company (LLC)
Location: Carson City, NVTweet This • Search All PPP Data
Mountain Millworks LLC is a limited liability company (LLC) located at 2007 Gregg St in Carson City, Nevada that received a Coronavirus-related PPP loan from the SBA of $25,240.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Mountain Millworks LLC in Carson City, NV received a Paycheck Protection Loan of $25,240 through Glacier 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 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, Mountain Millworks LLC's 2019 payroll expenses are estimated to be at least $121,152.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $40,384 per employee1
Reported PPP Proceed Usage:
On the PPP application, Mountain Millworks LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,240
Business Information - Mountain Millworks LLC in Carson City, NV
2007 Gregg St
Carson City, NV 89701
Lumber, Plywood, Millwork, and Wood Panel Merchant Wholesalers
NAICS code 423310
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 5,326 businesses in the "Lumber, Plywood, Millwork, and Wood Panel Merchant Wholesalers" industry received a total of $1.04B 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 18 employees, 500% higher than Mountain Millworks LLC's reported 3 employees, and received an average PPP loan of $194,849, 672% higher than this company's loan of $25,240.
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Footnotes & Information
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