PPP Loan Data — Preister Excavating, Inc, Humphrey, NE
Preister Excavating, Inc
Location: Humphrey, NETweet This • Search All PPP Data
Preister Excavating, Inc is a corporation located at 27040 State Highway 91 in Humphrey, Nebraska that received a Coronavirus-related PPP loan from the SBA of $25,500.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least three people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Preister Excavating, Inc in Humphrey, NE received a Paycheck Protection Loan of $25,500 through Pinnacle 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, Preister Excavating, Inc's 2019 payroll expenses are estimated to be at least $122,400.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $40,800 per employee1
Reported PPP Proceed Usage:
On the PPP application, Preister Excavating, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,500
Business Information - Preister Excavating, Inc in Humphrey, NE
27040 State Highway 91
Humphrey, NE 68642
Water and Sewer Line and Related Structures Construction
NAICS code 237110
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Industry PPP Comparison Statistics
Nationwide, 8,904 businesses in the "Water and Sewer Line and Related Structures Construction" industry received a total of $1.93B 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 17 employees, 467% higher than Preister Excavating, Inc's reported 3 employees, and received an average PPP loan of $216,804, 750% higher than this company's loan of $25,500.
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Footnotes & Information
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