PPP Loan Data — Nugent Sand Co, Louisville, KY
Nugent Sand Co is a partnership located at 1833 River Rd in Louisville, Kentucky that received a Coronavirus-related PPP loan from the SBA of $2,228,500.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:PNC Bank, National Association
Nugent Sand Co in Louisville, KY received a Paycheck Protection Loan of $2.23M through PNC Bank, National Association, which was approved in April, 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, Nugent Sand Co's 2019 payroll expenses are estimated to be at least $10.7M.
Based on their reported 131 jobs retained, this equals an estimated average yearly compensation of $81,655 per employee1
Reported PPP Proceed Usage:
On the PPP application, Nugent Sand Co reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,228,500
Business Information - Nugent Sand Co in Louisville, KY
1833 River Rd
Louisville, KY 40206
Construction Sand and Gravel Mining
NAICS code 212321
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, 6,468 businesses in the "Construction Sand and Gravel Mining" industry received a total of $541.46M 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 7 employees, 95% lower than Nugent Sand Co's reported 131 employees, and received an average PPP loan of $83,714, 96% lower than this company's loan of $2.23M.
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Footnotes & Information
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