PPP Loan Data — Petra Incorporated, Meridian, ID
Entity: Subchapter S Corporation
Location: Meridian, IDTweet This • Search All PPP Data
Petra Incorporated is a subchapter s corporation located at 1097 N Rosario St Ste 200 in Meridian, Idaho that received a Coronavirus-related PPP loan from the SBA of $1,829,045.00 in January, 2021.
The company has reported itself as a male owned business, and employed at least 100 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Petra Incorporated in Meridian, ID received a Paycheck Protection Loan of $1.83M through Sunwest Bank, which was approved 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, Petra Incorporated's 2019 payroll expenses are estimated to be at least $8.78M.
Based on their reported 100 jobs retained, this equals an estimated average yearly compensation of $87,794 per employee1
Reported PPP Proceed Usage:
On the PPP application, Petra Incorporated reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,829,045
Business Information - Petra Incorporated in Meridian, ID
1097 N Rosario St Ste 200
Meridian, ID 83642
Commercial and Institutional Building Construction
NAICS code 236220
Business Owner Demographics
Gender: Male Owned
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Meridian
In the Meridian area, 23 businesses in the "Commercial and Institutional Building Construction" industry received a PPP loan. These local businesses reported an average of 39 employees (compared to this company's 100) and received an average PPP loan of $642,152 (compared to this company's $1.83M).
Similar Nearby Businesses Who Received PPP Funding:
Engineered Structures, Inc
Reilly Construction LLC
Team Construction LLC
Blaser Building Specialties
Black Eagle Construction LLC
MH Construction LLC
HI-Grade Underground Inc
MCR Drywall LLC
Industry PPP Comparison Statistics
Nationwide, 78,873 businesses in the "Commercial and Institutional Building Construction" industry received a total of $12.41B 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, 88% lower than Petra Incorporated's reported 100 employees, and received an average PPP loan of $157,325, 91% lower than this company's loan of $1.83M.
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Footnotes & Information
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