PPP Loan Data — Rickabaugh Pentecost Development LLC, Puyallup, WA
Rickabaugh Pentecost Development LLC is a limited liability company (LLC) located at 108 West Stewart in Puyallup, Washington that received a Coronavirus-related PPP loan from the SBA of $1,521,600.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Washington Trust Bank
Rickabaugh Pentecost Development LLC in Puyallup, WA received a Paycheck Protection Loan of $1.52M through Washington Trust 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 February, 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, Rickabaugh Pentecost Development LLC's 2019 payroll expenses are estimated to be at least $7.3M.
Based on their reported 87 jobs retained, this equals an estimated average yearly compensation of $83,950 per employee1
Reported PPP Proceed Usage:
On the PPP application, Rickabaugh Pentecost Development LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,521,600
Business Information - Rickabaugh Pentecost Development LLC in Puyallup, WA
108 West Stewart
Puyallup, WA 98371
Site Preparation Contractors
NAICS code 238910
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Puyallup
In the Puyallup area, 20 businesses in the "Site Preparation Contractors" industry received a PPP loan. These local businesses reported an average of 23 employees (compared to this company's 87) and received an average PPP loan of $361,471 (compared to this company's $1.52M).
Similar Nearby Businesses Who Received PPP Funding:
Liden Land Development & Excavation Inc
Puget Sound Development
Garner Electric Washington, LLC
Nathan Cleaver Septic Design, Inc
Advanced Underground Utilities, Inc
Allcounty Operations Inc
Total Land Care LLC
Industry PPP Comparison Statistics
Nationwide, 30,927 businesses in the "Site Preparation Contractors" industry received a total of $4.31B 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, 86% lower than Rickabaugh Pentecost Development LLC's reported 87 employees, and received an average PPP loan of $139,293, 91% lower than this company's loan of $1.52M.
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Footnotes & Information
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