PPP Loan Data — Precision Outdoor Power & Sharpening Inc, Riverton, WY
Precision Outdoor Power & Sharpening Inc is a corporation located at 614 W Main St in Riverton, Wyoming that received a Coronavirus-related PPP loan from the SBA of $46,883.00 in January, 2021.
The company has reported itself as a male owned business, and employed at least five people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Central Bank & Trust
Precision Outdoor Power & Sharpening Inc in Riverton, WY received a Paycheck Protection Loan of $46,883 through Central Bank & Trust, 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, Precision Outdoor Power & Sharpening Inc's 2019 payroll expenses are estimated to be at least $225,038.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $45,008 per employee1
Reported PPP Proceed Usage:
On the PPP application, Precision Outdoor Power & Sharpening Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,878
- Utilities: $1
Business Information - Precision Outdoor Power & Sharpening Inc in Riverton, WY
614 W Main St
Riverton, WY 82501
NAICS code 561730
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: Rural
Similar Companies near Riverton
In the Riverton area, 9 businesses in the "Landscaping Services" industry received a PPP loan. These local businesses reported an average of 6 employees (compared to this company's 5) and received an average PPP loan of $58,446 (compared to this company's $46,883).
Similar Nearby Businesses Who Received PPP Funding:
Weed Busters LLC
Turf Care USA Inc
Precision Outdoor Power And Sharpening Inc
Old Fart With A Tractor
Industry PPP Comparison Statistics
Nationwide, 138,585 businesses in the "Landscaping Services" industry received a total of $6.03B 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 5 employees, the same amount reported by Precision Outdoor Power & Sharpening Inc and received an average PPP loan of $43,486, 7% lower than this company's loan of $46,883.
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Footnotes & Information
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