PPP Loan Data — Perdue Builders, Inc. AKA Perdue Construction, Inc, Louisville, KY
Perdue Builders, Inc. AKA Perdue Construction, Inc is a subchapter s corporation located at 2248 Frankfort Ave. in Louisville, Kentucky that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Eclipse Bank, Inc.
Perdue Builders, Inc. AKA Perdue Construction, Inc in Louisville, KY received a Paycheck Protection Loan of $25,000 through Eclipse Bank, Inc., 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 January, 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, Perdue Builders, Inc. AKA Perdue Construction, Inc's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $40,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, Perdue Builders, Inc. AKA Perdue Construction, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - Perdue Builders, Inc. AKA Perdue Construction, Inc in Louisville, KY
2248 Frankfort Ave.
Louisville, KY 40206
NAICS code 236118
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Louisville
In the Louisville area, 41 businesses in the "Residential Remodelers" industry received a PPP loan. These local businesses reported an average of 4 employees (compared to this company's 3) and received an average PPP loan of $29,973 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
Pettway Homes LLC
Isaac Contracting & Design Co. Inc
Terrance Group Inc
Holderfield Construction, Inc
Matt Ellis Remodeling Company
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, the same amount reported by Perdue Builders, Inc. AKA Perdue Construction, Inc and received an average PPP loan of $30,405, 22% higher than this company's loan of $25,000.
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Footnotes & Information
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