PPP Loan Data — Mountain View Co-Op, Black Eagle, MT
Mountain View Co-Op is a corporation located at 2200 Old Havre Hwy in Black Eagle, Montana that received a Coronavirus-related PPP loan from the SBA of $1,727,440.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:First Interstate Bank
Mountain View Co-Op in Black Eagle, MT received a Paycheck Protection Loan of $1.73M through First Interstate 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 View Co-Op's 2019 payroll expenses are estimated to be at least $8.29M.
Based on their reported 265 jobs retained, this equals an estimated average yearly compensation of $31,289 per employee1
Reported PPP Proceed Usage:
On the PPP application, Mountain View Co-Op reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,727,440
Business Information - Mountain View Co-Op in Black Eagle, MT
2200 Old Havre Hwy
Black Eagle, MT 59414
Farm Supplies Merchant Wholesalers
NAICS code 424910
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, 4,373 businesses in the "Farm Supplies Merchant Wholesalers" industry received a total of $607.02M 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 13 employees, 95% lower than Mountain View Co-Op's reported 265 employees, and received an average PPP loan of $138,811, 92% lower than this company's loan of $1.73M.
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Footnotes & Information
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