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PPP Loan Data — Pete Lien & Sons, Inc, Rapid City, SD

SBA PPP loan data, payroll data, and salaries for Pete Lien & Sons, Inc
SD

Pete Lien & Sons, Inc

Entity: Corporation

Industry: Lime Manufacturing

Location: Rapid City, SD

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Pete Lien & Sons, Inc is a corporation located at P.o. Box 440 in Rapid City, South Dakota that received a Coronavirus-related PPP loan from the SBA of $6,120,400.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$6.12M

Jobs Retained:

0 Unreported

Loan Approved:

2020-04-08

Lender:

UMB BANK, NATIONAL ASSOCIATION

Pete Lien & Sons, Inc in Rapid City, SD received a Paycheck Protection Loan of $6.12M through UMB BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, Pete Lien & Sons, Inc's total 2019 payroll expenses were approximately $29.38M in order to qualify for the PPP loan amount received.

Unlike most businesses, Pete Lien & Sons, Inc's PPP data does not report the number of jobs retained by their receipt of the Paycheck Protection Loan (some banks did not release this infomation from their loan applications). Without this data, per-employee payrolls for this company cannot be estimated.

Because the loan received by Pete Lien & Sons, Inc is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Pete Lien & Sons, Inc in Rapid City, SD

Pete Lien & Sons, Inc
P.o. Box 440
Rapid City, SD 57709

Business Industry

Lime Manufacturing (NAICS code 327410)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: SD-

Industry PPP Comparison Statistics

Nationwide, 15 businesses in the "Lime Manufacturing" industry received a total of $7,510,661.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.

PPP recipients in this industry report an average of 7 employees, and received an average PPP loan of $500,711, 92% lower than this company's loan of $6.12M.

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, and is published unmodified, as provided by the SBA.

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Footnotes & Information

1. 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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/pete-lien-and-sons-inc-rapid-city-sd