PPP Loan Data — Pro Service Construction LLC, Meridian, ID
Pro Service Construction LLC
Entity: Limited Liability Company (LLC)
Location: Meridian, IDTweet This • Search All PPP Data
Pro Service Construction LLC is a limited liability company (LLC) located at 741 N Ralstin St in Meridian, Idaho that received a Coronavirus-related PPP loan from the SBA of $46,392.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Pro Service Construction LLC in Meridian, ID received a Paycheck Protection Loan of $46,392 through Quontic Bank, which was approved in May, 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, Pro Service Construction LLC's 2019 payroll expenses are estimated to be at least $222,682.
Based on their reported 10 jobs retained, this equals an estimated average yearly compensation of $22,268 per employee1
Reported PPP Proceed Usage:
On the PPP application, Pro Service Construction LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,392
Business Information - Pro Service Construction LLC in Meridian, ID
741 N Ralstin St
Meridian, ID 83642
New Multifamily Housing Construction (except For-Sale Builders)
NAICS code 236116
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Meridian
In the Meridian area, 4 businesses in the "New Multifamily Housing Construction (except For-Sale Builders)" industry received a PPP loan. These local businesses reported an average of 7 employees (compared to this company's 10) and received an average PPP loan of $48,978 (compared to this company's $46,392).
Similar Nearby Businesses Who Received PPP Funding:
Datum Construction LLC
Infinity Construction Company, LLC
Bucknell Construction Inc
Industry PPP Comparison Statistics
Nationwide, 13,259 businesses in the "New Multifamily Housing Construction (except For-Sale Builders)" industry received a total of $1.11B 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 8 employees, 20% lower than Pro Service Construction LLC's reported 10 employees, and received an average PPP loan of $83,412, 80% higher than this company's loan of $46,392.
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Footnotes & Information
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