PPP Loan Data — Peyton Contracting LLC, Louisville, KY
Peyton Contracting LLC is a limited liability company (LLC) located at 10900 Electron Dr in Louisville, Kentucky that received a Coronavirus-related PPP loan from the SBA of $45,900.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least five people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Stock Yards Bank & Trust Company
Peyton Contracting LLC in Louisville, KY received a Paycheck Protection Loan of $45,900 through Stock Yards Bank & Trust Company, which was approved in April, 2020.
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, Peyton Contracting LLC's 2019 payroll expenses are estimated to be at least $220,320.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $44,064 per employee1
Reported PPP Proceed Usage:
On the PPP application, Peyton Contracting LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $45,900
Business Information - Peyton Contracting LLC in Louisville, KY
10900 Electron Dr
Louisville, KY 40299
NAICS code 236118
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Louisville
In the Louisville area, 24 businesses in the "Residential Remodelers" industry received a PPP loan. These local businesses reported an average of 4 employees (compared to this company's 5) and received an average PPP loan of $40,637 (compared to this company's $45,900).
Similar Nearby Businesses Who Received PPP Funding:
Green Star Home Remodeling Group LLC
GRB Designs LLC
Artisan Stone Inc
Sierra Design & Construction, Inc
Twin Spires Remodeling LLC
Willen Home Remodeling, Inspections, And Consulting Broker
Francisco Gil Perez
Russell Kitchens And Design LLC
Acclaim Renovations, LLC
Industry PPP Comparison Statistics
Nationwide, 175,017 businesses in the "Residential Remodelers" industry received a total of $5.32B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 3 employees, 40% lower than Peyton Contracting LLC's reported 5 employees, and received an average PPP loan of $30,405, 34% lower than this company's loan of $45,900.
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Footnotes & Information
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