PPP Loan Data — Musselman & Hall Contractors, LLC, Kansas City, MO
Musselman & Hall Contractors, LLC
Entity: Limited Liability Company (LLC)
Location: Kansas City, MOTweet This • Search All PPP Data
Musselman & Hall Contractors, LLC is a limited liability company (LLC) located at 4922 Blue Banks Ave in Kansas City, Missouri that received a Coronavirus-related PPP loan from the SBA of $4,166,500.00 in April, 2020.
$ PPP Loan Information
Lender:ENTERPRISE BANK & TRUST
Musselman & Hall Contractors, LLC in Kansas City, MO received a Paycheck Protection Loan of $4.17M through ENTERPRISE BANK & TRUST, which was approved in April, 2020.
The size of company's PPP loan indicates that the number of employees on payroll during the eligibility calculation period (typically 2019) was higher than the 198 jobs reported as retained on the PPP application3. This could be caused by a reduction in employment since 2019, due to Coronavirus or other factors.
2019 Payroll Estimations based On PPP Amount:
Assuming all employees were paid over the $100k eligibility cap, the minimum number of employees this company must have had in 2019 to qualify for the loan range received is 200.
Based on standard PPP eligibility rules, Musselman & Hall Contractors, LLC's total 2019 payroll expenses were approximately $20M (not accounting for salary amounts > $100k) in order to qualify for the PPP loan amount received.
Because the 198 jobs reported are not enough to account for the loan range received, per-employee payrolls cannot be estimated.
Business Information - Musselman & Hall Contractors, LLC in Kansas City, MO
4922 Blue Banks Ave
Kansas City, MO 64130
Poured Concrete Foundation and Structure Contractors (NAICS code 238110)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: MO-05
Similar Companies near Kansas City
In the Kansas City area, 2 businesses in the "Poured Concrete Foundation and Structure Contractors" industry received a PPP loan. These local businesses reported an average of 101 employees (compared to this company's 198) and received an average PPP loan of $2,108,850 (compared to this company's $4.17M).
Similar Nearby Businesses Who Received PPP Funding:
Advance Concrete Kc LLC
Kansas City, MO
Industry PPP Comparison Statistics
Nationwide, 12,254 businesses in the "Poured Concrete Foundation and Structure Contractors" industry received a total of $2,172,253,420.00 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 14 employees, 93% lower than Musselman & Hall Contractors, LLC's reported 198 employees, and received an average PPP loan of $177,269, 96% lower than this company's loan of $4.17M.
FederalPay's PPP Information Policy
Footnotes & Information
3. Since the PPP eligibility will include a maximum of $100k in salary expenses for each employee in the qualifying period, the minimum number of employees required to be eligible for a given PPP loan amount can be calculated by the following equation: ((LOAN AMOUNT/2.5 months) * 12 months) / 100k max salary. If a company reports fewer employees than this amount on their PPP application, it is likely because they had more employees on payroll during the qualifying period.
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