PPP Loan Data — Oftedal Construction, Inc., Miles City, MT
Oftedal Construction, Inc. is an employee stock ownership plan (esop) located at P O Box 400 in Miles City, Montana that received a Coronavirus-related PPP loan from the SBA of $3,855,216.00 in April, 2020.
$ PPP Loan Information
Lender:U.S. BANK, NATIONAL ASSOCIATION
Oftedal Construction, Inc. received a Paycheck Protection Loan of $3.86M through U.S. BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Oftedal Construction, Inc.'s total 2019 payroll expenses were approximately $18.51M in order to qualify for the PPP loan amount received.
Based on their reported 383 jobs retained, this equals an estimated average yearly compensation of $48,316 per employee1.
Business Information - Oftedal Construction, Inc. in Miles City, MT
P O Box 400
Miles City, MT 59301
Highway, Street, and Bridge Construction (NAICS code 237310)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: MT-
Similar Companies near Miles City
In the Miles City area, 3 businesses in the "Highway, Street, and Bridge Construction" industry received a PPP loan. These local businesses reported an average of 132 employees (compared to this company's 383) and received an average PPP loan of $1,359,195 (compared to this company's $3.86M).
Similar Nearby Businesses Who Received PPP Funding:
Diamond J Construction LLC
Miles City, MT
Three G Construction, LLC
Miles City, MT
Industry PPP Comparison Statistics
Nationwide, 7,070 businesses in the "Highway, Street, and Bridge Construction" industry received a total of $2,867,987,409.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 26 employees, 93% lower than Oftedal Construction, Inc.'s reported 383 employees, and received an average PPP loan of $405,656, 89% lower than this company's loan of $3.86M.
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Footnotes & Information
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