PPP Loan Data — Professional Builders Inc, Annis, ID
Professional Builders Inc
Entity: Subchapter S Corporation
Location: Annis, IDTweet This • Search All PPP Data
Professional Builders Inc is a subchapter s corporation located at 127 N 3750 E in Annis, Idaho that received a Coronavirus-related PPP loan from the SBA of $25,500.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least three people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:D. L. Evans Bank
Professional Builders Inc in Annis, ID received a Paycheck Protection Loan of $25,500 through D. L. Evans Bank, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA 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, Professional Builders 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, Professional Builders Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,500
Business Information - Professional Builders Inc in Annis, ID
127 N 3750 E
Annis, ID 83442
New Single-Family Housing Construction (except For-Sale Builders)
NAICS code 236115
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 Annis
In the Annis area, 18 businesses in the "New Single-Family Housing Construction (except For-Sale Builders)" industry received a PPP loan. These local businesses reported an average of 6 employees (compared to this company's 3) and received an average PPP loan of $37,059 (compared to this company's $25,500).
Similar Nearby Businesses Who Received PPP Funding:
Straight Arrow Construction, Inc
Metal Man Construction, LLC
Red Mountain Builders LLC
Champion Construction, LLC
Mike Rutledge Excavating LLC
Total Dedication To Quality LLC
Steamed Up LLC
J & J Enterprise Holdings, LLC
Industry PPP Comparison Statistics
Nationwide, 127,156 businesses in the "New Single-Family Housing Construction (except For-Sale Builders)" industry received a total of $5.75B 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, 67% higher than Professional Builders Inc's reported 3 employees, and received an average PPP loan of $45,182, 77% higher than this company's loan of $25,500.
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