PPP Loan Data — Rise Creative, LLC, Bozeman, MT
Rise Creative, LLC is a partnership located at 2793 Trade Wind Ln in Bozeman, Montana that received a Coronavirus-related PPP loan from the SBA of $45,807.00 in June, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Rise Creative, LLC in Bozeman, MT received a Paycheck Protection Loan of $45,807 through Quontic Bank, which was approved in June, 2020.
This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.
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, Rise Creative, LLC's 2019 payroll expenses are estimated to be at least $219,874.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $43,975 per employee1
Reported PPP Proceed Usage:
On the PPP application, Rise Creative, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $45,807
Business Information - Rise Creative, LLC in Bozeman, MT
2793 Trade Wind Ln
Bozeman, MT 59718
All Other Specialty Trade Contractors
NAICS code 238990
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Bozeman
In the Bozeman area, 34 businesses in the "All Other Specialty Trade Contractors" industry received a PPP loan. These local businesses reported an average of 10 employees (compared to this company's 5) and received an average PPP loan of $91,162 (compared to this company's $45,807).
Similar Nearby Businesses Who Received PPP Funding:
Rocky Mountain Radon & Mold Removal Company
Interior Dimensions Inc
Montana Stone Masonry, LLC
Emmert 7, Inc
Dutch Clean Incorporated
Marc Weideman Construction Inc
Sandoval Masonry, Inc
Audio Artisans Inc
Industry PPP Comparison Statistics
Nationwide, 93,400 businesses in the "All Other Specialty Trade Contractors" industry received a total of $8.04B 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, 60% higher than Rise Creative, LLC's reported 5 employees, and received an average PPP loan of $86,076, 88% higher than this company's loan of $45,807.
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Footnotes & Information
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