PPP Loan Data — Peter Waldon Consulting, Perham, MN
Peter Waldon Consulting is a sole proprietorship located in Perham, Minnesota that received a Coronavirus-related PPP loan from the SBA of $25,345.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least one person during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:United Community Bank
Peter Waldon Consulting in Perham, MN received a Paycheck Protection Loan of $25,345 through United Community Bank, which was approved in April, 2020.
The minimum number of employees this company must have had in 2019 to qualify for the loan range received is 1. This estimation is accurate if all employees were paid at or over the $100k PPP salary eligibility cap.
Reported PPP Proceed Usage:
On the PPP application, Peter Waldon Consulting reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,345
Business Information - Peter Waldon Consulting in Perham, MN
* Full address is redacted to protect the privacy of individuals.
Drilling Oil and Gas Wells
NAICS code 213111
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Perham
In the Perham area, 2 businesses in the "Drilling Oil and Gas Wells" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 1) and received an average PPP loan of $18,423 (compared to this company's $25,345).
Similar Nearby Businesses Who Received PPP Funding:
Neyens Well Drilling, Inc
Industry PPP Comparison Statistics
Nationwide, 5,486 businesses in the "Drilling Oil and Gas Wells" industry received a total of $748.62M 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 9 employees, 800% higher than Peter Waldon Consulting's reported 1 employees, and received an average PPP loan of $136,461, 438% higher than this company's loan of $25,345.
FederalPay's PPP Information Policy
Footnotes & Information
3. Since the PPP eligibility will include a maximum of $100k in salary expenses for each employee in the qualifying period, the minimum number of employees required to be eligible for a given PPP loan amount can be calculated by the following equation: ((LOAN AMOUNT/2.5 months) * 12 months) / 100k max salary. If a company reports fewer employees than this amount on their PPP application, it is likely because they had more employees on payroll during the qualifying period.
Have FederalPay.org's open data tools been valuable? Consider donating!