PPP Loan Data — Pallett Connection & Farms, LLC, Sikeston, MO
Pallett Connection & Farms, LLC is a limited liability company (LLC) located at 472 Co. Hwy. 524 in Sikeston, Missouri that received a Coronavirus-related PPP loan from the SBA of $25,136.00 in April, 2020.
The company has reported itself as a White female owned business, and employed at least two people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Bank of Grandin
Pallett Connection & Farms, LLC in Sikeston, MO received a Paycheck Protection Loan of $25,136 through Bank of Grandin, 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 April, 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, Pallett Connection & Farms, LLC's 2019 payroll expenses are estimated to be at least $120,653.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $60,327 per employee1
Reported PPP Proceed Usage:
On the PPP application, Pallett Connection & Farms, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,136
Business Information - Pallett Connection & Farms, LLC in Sikeston, MO
472 Co. Hwy. 524
Sikeston, MO 63801
Wood Container and Pallet Manufacturing
NAICS code 321920
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Female Owned
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Industry PPP Comparison Statistics
Nationwide, 2,293 businesses in the "Wood Container and Pallet Manufacturing" industry received a total of $379.46M 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 22 employees, 1000% higher than Pallett Connection & Farms, LLC's reported 2 employees, and received an average PPP loan of $165,486, 558% higher than this company's loan of $25,136.
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Footnotes & Information
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