PPP Loan Data — Professional Metal Works, Dardanelle, AR
Professional Metal Works
Location: Dardanelle, ARTweet This • Search All PPP Data
Professional Metal Works is a partnership located at 14698 N New Hope Rd in Dardanelle, Arkansas that received a Coronavirus-related PPP loan from the SBA of $25,322.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:First State Bank
Professional Metal Works in Dardanelle, AR received a Paycheck Protection Loan of $25,322 through First State 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 April, 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 Metal Works' 2019 payroll expenses are estimated to be at least $121,546.
Based on their reported 7 jobs retained, this equals an estimated average yearly compensation of $17,364 per employee1
Reported PPP Proceed Usage:
On the PPP application, Professional Metal Works reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,322
Business Information - Professional Metal Works in Dardanelle, AR
14698 N New Hope Rd
Dardanelle, AR 72834
Other Foundation, Structure, and Building Exterior Contractors
NAICS code 238190
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, 11,071 businesses in the "Other Foundation, Structure, and Building Exterior Contractors" industry received a total of $855.1M 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 7 employees, the same amount reported by Professional Metal Works and received an average PPP loan of $77,238, 205% higher than this company's loan of $25,322.
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Footnotes & Information
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