PPP Loan Data — New West Companies LLC, Jackson, WY
New West Companies LLC
Entity: Subchapter S Corporation
Location: Jackson, WYTweet This • Search All PPP Data
New West Companies LLC is a subchapter s corporation located at 3520 S Park Drive in Jackson, Wyoming that received a Coronavirus-related PPP loan from the SBA of $1,860,400.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Rocky Mountain Bank
New West Companies LLC in Jackson, WY received a Paycheck Protection Loan of $1.86M through Rocky Mountain 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 December, 2020.
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, New West Companies LLC's 2019 payroll expenses are estimated to be at least $8.93M.
Based on their reported 152 jobs retained, this equals an estimated average yearly compensation of $58,749 per employee1
Reported PPP Proceed Usage:
On the PPP application, New West Companies LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,702,480
- Utilities: $22,569
- Mortgage Interest: $14,437
- Rent: $120,914
Business Information - New West Companies LLC in Jackson, WY
3520 S Park Drive
Jackson, WY 83001
New Single-Family Housing Construction (except For-Sale Builders)
NAICS code 236115
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Jackson
In the Jackson area, 44 businesses in the "New Single-Family Housing Construction (except For-Sale Builders)" industry received a PPP loan. These local businesses reported an average of 10 employees (compared to this company's 152) and received an average PPP loan of $123,003 (compared to this company's $1.86M).
Similar Nearby Businesses Who Received PPP Funding:
Jackson Hole Contracting, Inc
Mateosky Construction Inc
Two Ocean Builders LLC
Oscar Bedolla Ramos
Teton Framers LLC
Jake's Construction, Inc
Eagle Creek Renovations LLC
Bell Construction LLC
Industry PPP Comparison Statistics
Nationwide, 127,156 businesses in the "New Single-Family Housing Construction (except For-Sale Builders)" industry received a total of $5.75B 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 5 employees, 97% lower than New West Companies LLC's reported 152 employees, and received an average PPP loan of $45,182, 98% lower than this company's loan of $1.86M.
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Footnotes & Information
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