PPP Loan Data — Prairie Mills Feed & Farm LLC, Prairie, MS
Prairie Mills Feed & Farm LLC is a limited liability company (LLC) located at 10111 Prairie Mills Rd in Prairie, Mississippi that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in August, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Prairie Mills Feed & Farm LLC in Prairie, MS received a Paycheck Protection Loan of $25,000 through BankPlus, which was approved in August, 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 Mills Feed & Farm LLC's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 13 jobs retained, this equals an estimated average yearly compensation of $9,231 per employee1
Reported PPP Proceed Usage:
On the PPP application, Prairie Mills Feed & Farm LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - Prairie Mills Feed & Farm LLC in Prairie, MS
10111 Prairie Mills Rd
Prairie, MS 39756
Nursery, Garden Center, and Farm Supply Stores
NAICS code 444220
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Industry PPP Comparison Statistics
Nationwide, 7,240 businesses in the "Nursery, Garden Center, and Farm Supply Stores" industry received a total of $689.88M 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 14 employees, 8% higher than Prairie Mills Feed & Farm LLC's reported 13 employees, and received an average PPP loan of $95,287, 281% higher than this company's loan of $25,000.
FederalPay's PPP Information Policy
Footnotes & Information
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