PPP Loan Data — Riverside Construction Inc, Meridian, ID
Riverside Construction Inc
Location: Meridian, IDTweet This • Search All PPP Data
Riverside Construction Inc is a corporation located at 489 W Dreyfuss St in Meridian, Idaho that received a Coronavirus-related PPP loan from the SBA of $66,325.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:First Interstate Bank
Riverside Construction Inc in Meridian, ID received a Paycheck Protection Loan of $66,325 through First Interstate 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, Riverside Construction Inc's 2019 payroll expenses are estimated to be at least $318,360.
Based on their reported 7 jobs retained, this equals an estimated average yearly compensation of $45,480 per employee1
Reported PPP Proceed Usage:
On the PPP application, Riverside Construction Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $66,325
Business Information - Riverside Construction Inc in Meridian, ID
489 W Dreyfuss St
Meridian, ID 83646
Commercial and Institutional Building Construction
NAICS code 236220
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Meridian
In the Meridian area, 12 businesses in the "Commercial and Institutional Building Construction" industry received a PPP loan. These local businesses reported an average of 6 employees (compared to this company's 7) and received an average PPP loan of $45,077 (compared to this company's $66,325).
Similar Nearby Businesses Who Received PPP Funding:
Havin Homes Design Build LLC
Gregg Barney Excavation Inc
Northwest Disaster Services LLC
Bideganeta Construction Inc
Mountain Home, ID
Northwest Disaster Services
Accent Construction, Inc
Steel National LLC
New Red Pavilion LLC
Mountain Home, ID
Industry PPP Comparison Statistics
Nationwide, 77,396 businesses in the "Commercial and Institutional Building Construction" industry received a total of $12.37B 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, 71% higher than Riverside Construction Inc's reported 7 employees, and received an average PPP loan of $159,889, 141% higher than this company's loan of $66,325.
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