PPP Loan Data — Out On A Limb Maple Farm LLC, Jackman, ME
Out On A Limb Maple Farm LLC
Entity: Limited Liability Partnership
Location: Jackman, METweet This • Search All PPP Data
Out On A Limb Maple Farm LLC is a limited liability partnership located at Po Box 338 in Jackman, Maine that received a Coronavirus-related PPP loan from the SBA of $47,000.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:First National Bank
Out On A Limb Maple Farm LLC in Jackman, ME received a Paycheck Protection Loan of $47,000 through First National 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 March, 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, Out On A Limb Maple Farm LLC's 2019 payroll expenses are estimated to be at least $225,600.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $45,120 per employee1
Reported PPP Proceed Usage:
On the PPP application, Out On A Limb Maple Farm LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $47,000
Business Information - Out On A Limb Maple Farm LLC in Jackman, ME
Po Box 338
Jackman, ME 4945
Other Farm Product Raw Material Merchant Wholesalers
NAICS code 424590
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: N
Rural / Urban: Rural
Industry PPP Comparison Statistics
Nationwide, 1,466 businesses in the "Other Farm Product Raw Material Merchant Wholesalers" industry received a total of $114.19M 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 9 employees, 80% higher than Out On A Limb Maple Farm LLC's reported 5 employees, and received an average PPP loan of $77,890, 66% higher than this company's loan of $47,000.
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Footnotes & Information
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