PPP Loan Data — Roger Shelby, Albion, IL
Roger Shelby is a sole proprietorship located in Albion, Illinois that received a Coronavirus-related PPP loan from the SBA of $25,043.00 in January, 2021.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:The First National Bank of Allendale
Roger Shelby in Albion, IL received a Paycheck Protection Loan of $25,043 through The First National Bank of Allendale, which was approved in January, 2021.
The minimum number of employees this company must have had in 2019 to qualify for the loan range received is 1. This estimation is accurate if all employees were paid at or over the $100k PPP salary eligibility cap.
Reported PPP Proceed Usage:
On the PPP application, Roger Shelby reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,041
- Utilities: $1
Business Information - Roger Shelby in Albion, IL
* Full address is redacted to protect the privacy of individuals.
Oilseed and Grain Combination Farming
NAICS code 111191
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Albion
In the Albion area, 20 businesses in the "Oilseed and Grain Combination Farming" industry received a PPP loan. These local businesses reported an average of 1 employees (compared to this company's 1) and received an average PPP loan of $15,482 (compared to this company's $25,043).
Similar Nearby Businesses Who Received PPP Funding:
Eric Harms Trucking LLC
Waters Farms Inc
Mazanek Farms Inc
Industry PPP Comparison Statistics
Nationwide, 32,716 businesses in the "Oilseed and Grain Combination Farming" industry received a total of $644.3M 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 2 employees, 100% higher than Roger Shelby's reported 1 employees, and received an average PPP loan of $19,694, 21% lower than this company's loan of $25,043.
FederalPay's PPP Information Policy
Footnotes & Information
3. Since the PPP eligibility will include a maximum of $100k in salary expenses for each employee in the qualifying period, the minimum number of employees required to be eligible for a given PPP loan amount can be calculated by the following equation: ((LOAN AMOUNT/2.5 months) * 12 months) / 100k max salary. If a company reports fewer employees than this amount on their PPP application, it is likely because they had more employees on payroll during the qualifying period.
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