PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Permian Excavating LLC, Tomah, WI

ALERT: There are 2 PPP loans for a total of $1.09M in our database for businesses with the name "Permian Excavating LLC" in Tomah, WI. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for Permian Excavating LLC
WI

Permian Excavating LLC

Entity: Limited Liability Company (LLC)

Industry: Site Preparation Contractors

Location: Tomah, WI

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Permian Excavating LLC is a limited liability company (LLC) located at 15341 State Highway 131 in Tomah, Wisconsin that received a Coronavirus-related PPP loan from the SBA of $541,077.00 in May, 2021.

The company has reported itself as a White male owned business, and employed at least 51 people during the applicable loan loan period.

$ PPP Loan Information
Loan #7750969004

Loan Size:

$541,077

Jobs Retained:

51

Loan Approved:

2021-05-26

Loan Status:

Paid in Full or Forgiven

Lender:

Lendistry SBLC, LLC

Permian Excavating LLC in Tomah, WI received a Paycheck Protection Loan of $541,077 through Lendistry SBLC, LLC, which was approved in May, 2021.

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 June, 2021.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, Permian Excavating LLC's 2019 payroll expenses are estimated to be at least $2.6M.

Based on their reported 51 jobs retained, this equals an estimated average yearly compensation of $50,925 per employee1

Reported PPP Proceed Usage:

On the PPP application, Permian Excavating LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $541,077

Business Information - Permian Excavating LLC in Tomah, WI

Permian Excavating LLC
15341 State Highway 131
Tomah, WI 54660

Business Industry:
Site Preparation Contractors
NAICS code 238910

Business Owner Demographics

Race: White

Ethnicity: Not Hispanic or Latino

Gender: Male Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: Y

HUBZone: N

Rural / Urban: Rural

Monroe County, WI — SBA Office 0563 — Congressional District: WI-03

Similar Companies near Tomah

In the Tomah area, 4 businesses in the "Site Preparation Contractors" industry received a PPP loan. These local businesses reported an average of 50 employees (compared to this company's 51) and received an average PPP loan of $1,504,884 (compared to this company's $541,077).

Industry PPP Comparison Statistics

Nationwide, 30,773 businesses in the "Site Preparation Contractors" industry received a total of $4.3B 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 12 employees, 76% lower than Permian Excavating LLC's reported 51 employees, and received an average PPP loan of $139,838, 74% lower than this company's loan of $541,077.

SBA PPP loan data, payroll data, and salaries for Permian Excavating, LLC
WI

Permian Excavating, LLC

Entity: Limited Liability Company (LLC)

Industry: Site Preparation Contractors

Location: Tomah, WI

Search All PPP Data

Permian Excavating, LLC is a limited liability company (LLC) located at 15341 State Hwy 131 in Tomah, Wisconsin that received a Coronavirus-related PPP loan from the SBA of $546,700.00 in April, 2020.

The company has reported itself as a male owned business, and employed at least 33 people during the applicable loan loan period.

$ PPP Loan Information
Loan #7312477105

Loan Size:

$546,700

Jobs Retained:

33

Loan Approved:

2020-04-14

Loan Status:

Paid in Full or Forgiven

Lender:

Bank First, N.A.

Permian Excavating, LLC in Tomah, WI received a Paycheck Protection Loan of $546,700 through Bank First, N.A., 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 May, 2021.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, Permian Excavating, LLC's 2019 payroll expenses are estimated to be at least $2.62M.

Based on their reported 33 jobs retained, this equals an estimated average yearly compensation of $79,520 per employee1

Reported PPP Proceed Usage:

On the PPP application, Permian Excavating, LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $546,700

Business Information - Permian Excavating, LLC in Tomah, WI

Permian Excavating, LLC
15341 State Hwy 131
Tomah, WI 54660

Business Industry:
Site Preparation Contractors
NAICS code 238910

Business Owner Demographics

Race: Unreported

Ethnicity: Not Hispanic or Latino

Gender: Male Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Rural

Monroe County, WI — SBA Office 0563 — Congressional District: WI-03

Similar Companies near Tomah

In the Tomah area, 4 businesses in the "Site Preparation Contractors" industry received a PPP loan. These local businesses reported an average of 50 employees (compared to this company's 33) and received an average PPP loan of $1,504,884 (compared to this company's $546,700).

Industry PPP Comparison Statistics

Nationwide, 30,773 businesses in the "Site Preparation Contractors" industry received a total of $4.3B 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 12 employees, 64% lower than Permian Excavating, LLC's reported 33 employees, and received an average PPP loan of $139,838, 74% lower than this company's loan of $546,700.

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. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Estimations for informational purposes only. 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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Source: www.federalpay.org/paycheck-protection-program/permian-excavating-llc-tomah-wi