PPP Loan Data — Pegasus Builders, LLC, Ridgeland, MS
Pegasus Builders, LLC is a limited liability company (LLC) located at 311 Highland Park Blvd in Ridgeland, Mississippi that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in June, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Pegasus Builders, LLC in Ridgeland, MS received a Paycheck Protection Loan of $25,000 through BankPlus, which was approved in June, 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, Pegasus Builders, LLC's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $60,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, Pegasus Builders, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $17,250
- Utilities: $2,750
- Rent: $5,000
Business Information - Pegasus Builders, LLC in Ridgeland, MS
311 Highland Park Blvd
Ridgeland, MS 39157
NAICS code 236118
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Ridgeland
In the Ridgeland area, 14 businesses in the "Residential Remodelers" industry received a PPP loan. These local businesses reported an average of 4 employees (compared to this company's 2) and received an average PPP loan of $36,113 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
Bradshaw Construction And Remodel LLC
Arrow Remodeling Inc
Mcfield 1 Construction Co. LLC
PDK Contractors LLC
Industry PPP Comparison Statistics
Nationwide, 175,017 businesses in the "Residential Remodelers" industry received a total of $5.32B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 3 employees, 50% higher than Pegasus Builders, LLC's reported 2 employees, and received an average PPP loan of $30,405, 22% higher than this company's loan of $25,000.
FederalPay's PPP Information Policy
Footnotes & Information
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