PPP Loan Data — Prairie Materials LLC, Opelousas, LA
Prairie Materials LLC is a corporation located at 1334 Huntington Dr in Opelousas, Louisiana that received a Coronavirus-related PPP loan from the SBA of $46,746.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:First Horizon Bank
Prairie Materials LLC in Opelousas, LA received a Paycheck Protection Loan of $46,746 through First Horizon Bank, 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, Prairie Materials LLC's 2019 payroll expenses are estimated to be at least $224,381.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $56,095 per employee1
Reported PPP Proceed Usage:
On the PPP application, Prairie Materials LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,746
Business Information - Prairie Materials LLC in Opelousas, LA
1334 Huntington Dr
Opelousas, LA 70570
Highway, Street, and Bridge Construction
NAICS code 237310
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Opelousas
In the Opelousas area, 2 businesses in the "Highway, Street, and Bridge Construction" industry received a PPP loan. These local businesses reported an average of 54 employees (compared to this company's 4) and received an average PPP loan of $509,742 (compared to this company's $46,746).
Similar Nearby Businesses Who Received PPP Funding:
Prairie Contractors LLC
Industry PPP Comparison Statistics
Nationwide, 11,483 businesses in the "Highway, Street, and Bridge Construction" industry received a total of $3.92B 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 26 employees, 550% higher than Prairie Materials LLC's reported 4 employees, and received an average PPP loan of $341,702, 631% higher than this company's loan of $46,746.
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Footnotes & Information
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