PPP Loan Data — Richard Barnett, Gravette, AR

Richard Barnett

Entity: Independent Contractor

Industry: Glass and Glazing Contractors

Location: Gravette, AR

Richard Barnett is an independent contractor located in Gravette, Arkansas that received a Coronavirus-related PPP loan from the SBA of $9,300.00 in April, 2020.

$ PPP Loan Information
Loan #7127757104

Loan Size:

$9,300

Jobs Retained:

Loan Approved:

2020-04-14

Loan Status:

Paid in Full or Forgiven

Lender:

Legacy National Bank

Richard Barnett in Gravette, AR received a Paycheck Protection Loan of $9,300 through Legacy National 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 June, 2021.

PPP Calculation Note: The total PPP loan an eligible business or individual can receive is based on 2.5 times their average monthly 2019 payroll expenses, capped at $100,000 annually per employee.

Reported PPP Proceed Usage:

On the PPP application, Richard Barnett reported intending to use the proceeds of their PPP loan for the following expenses:

Payroll: $6,975
Utilities: $1,162
Rent: $1,163

Business Information - Richard Barnett in Gravette, AR

Richard Barnett
Gravette, AR
* Full address is redacted to protect the privacy of individuals.

Business Industry:
Glass and Glazing Contractors
NAICS code 238150

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Benton County, AR — SBA Office 0669 — Congressional District: AR-03

Industry PPP Comparison Statistics

Nationwide, 7,413 businesses in the "Glass and Glazing Contractors" industry received a total of $1.07B 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 12 employees, 1100% higher than Richard Barnett's reported 1 employees, and received an average PPP loan of $144,212, 1451% higher than this company's loan of $9,300.

FederalPay's PPP Information Policy

Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan.

All information displayed on this page is publicly available information under PPP loan guidelines, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Estimations for informational purposes only. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.

2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.

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