PPP Loan Data — North Montana Ave Partnership, Helena, MT
North Montana Ave Partnership is a partnership located at 1414 North Montana Ave in Helena, Montana that received a Coronavirus-related PPP loan from the SBA of $2,486,660.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:First Interstate Bank
North Montana Ave Partnership in Helena, MT received a Paycheck Protection Loan of $2.49M 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 July, 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, North Montana Ave Partnership's 2019 payroll expenses are estimated to be at least $11.94M.
Based on their reported 268 jobs retained, this equals an estimated average yearly compensation of $44,537 per employee1
Reported PPP Proceed Usage:
On the PPP application, North Montana Ave Partnership reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,486,660
Business Information - North Montana Ave Partnership in Helena, MT
1414 North Montana Ave
Helena, MT 59601
General Freight Trucking, Local
NAICS code 484110
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Helena
In the Helena area, 2 businesses in the "General Freight Trucking, Local" industry received a PPP loan. These local businesses reported an average of 139 employees (compared to this company's 268) and received an average PPP loan of $1,313,330 (compared to this company's $2.49M).
Similar Nearby Businesses Who Received PPP Funding:
Big Sky Trucking Inc
Industry PPP Comparison Statistics
Nationwide, 172,322 businesses in the "General Freight Trucking, Local" industry received a total of $6.52B in PPP loans. These businesses account for 2% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 4 employees, 99% lower than North Montana Ave Partnership's reported 268 employees, and received an average PPP loan of $37,823, 98% lower than this company's loan of $2.49M.
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Footnotes & Information
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