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PPP Loan Data — Oftedal Construction, Inc., Miles City, MT

SBA PPP loan data, payroll data, and salaries for Oftedal Construction, Inc.

Oftedal Construction, Inc.

Entity: Employee Stock Ownership Plan (esop)

Industry: Highway, Street, and Bridge Construction

Location: Miles City, MT

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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

Loan Size:


Jobs Retained:


Loan Approved:




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.

Because the loan received by Oftedal Construction, Inc. is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Oftedal Construction, Inc. in Miles City, MT

Oftedal Construction, Inc.
P O Box 400
Miles City, MT 59301

Business Industry

Highway, Street, and Bridge Construction (NAICS code 237310)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional 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).

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.

FederalPay's PPP Information Policy

Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan.

All information displayed on this page is publicly available information under PPP loan guidelines, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA.

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Footnotes & Information

1. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.

2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.

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** This Document Provided By - The Civil Employee's Resource **