FederalPay.org
PPP Loan Data — Permian Excavating LLC,
Tomah, WI
Permian Excavating LLC
Entity: Limited Liability Company (LLC)
Industry: Site Preparation Contractors
Location: Tomah, WI
Tweet This
•
Search All PPP Data
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:
Jobs Retained:
51Loan Approved:
2021-05-26Loan Status:
Paid in Full or ForgivenLender:
Lendistry SBLC, LLCPermian 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 MoreUnderstanding 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 MoreBased 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
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
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).
Similar Nearby Businesses Who Received PPP Funding:
Dean Zellmer
Tomah, WI
Gerke Excavating, Inc
Tomah, WI
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.
Permian Excavating, LLC
Entity: Limited Liability Company (LLC)
Industry: Site Preparation Contractors
Location: Tomah, WI
Tweet This
•
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:
Jobs Retained:
33Loan Approved:
2020-04-14Loan Status:
Paid in Full or ForgivenLender:
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 MoreUnderstanding 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 MoreBased 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
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
Businesses Using Same Address:
There are 3 other businesses that received a PPP loan registered to the same address as Permian Excavating, LLC.
Central State Construction, LLC
All Other Specialty Trade Contractors
Allan Gerke & Sons, Inc
General Freight Trucking, Local
Gerke Excavating, Inc
Site Preparation Contractors
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).
Similar Nearby Businesses Who Received PPP Funding:
Dean Zellmer
Tomah, WI
Gerke Excavating, Inc
Tomah, WI
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.
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.
Have FederalPay.org's open data tools been valuable? Consider donating!