PPP Loan Data — Ron King Skyline Engineers Inc, Santa Teresa, NM
Ron King Skyline Engineers Inc is a corporation located at 2660 Airport Rd Ste 400 in Santa Teresa, New Mexico that received a Coronavirus-related PPP loan from the SBA of $24,836.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least five people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:First New Mexico Bank Las Cruces
Ron King Skyline Engineers Inc in Santa Teresa, NM received a Paycheck Protection Loan of $24,836 through First New Mexico Bank Las Cruces, 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 March, 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, Ron King Skyline Engineers Inc's 2019 payroll expenses are estimated to be at least $119,213.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $23,843 per employee1
Reported PPP Proceed Usage:
On the PPP application, Ron King Skyline Engineers Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,836
Business Information - Ron King Skyline Engineers Inc in Santa Teresa, NM
2660 Airport Rd Ste 400
Santa Teresa, NM 88008
NAICS code 541330
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Santa Teresa
In the Santa Teresa area, 2 businesses in the "Engineering Services" industry received a PPP loan. These local businesses reported an average of 17 employees (compared to this company's 5) and received an average PPP loan of $177,068 (compared to this company's $24,836).
Similar Nearby Businesses Who Received PPP Funding:
WHA International, Inc
Las Cruces, NM
Industry PPP Comparison Statistics
Nationwide, 47,152 businesses in the "Engineering Services" industry received a total of $9.19B 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 13 employees, 160% higher than Ron King Skyline Engineers Inc's reported 5 employees, and received an average PPP loan of $194,873, 685% higher than this company's loan of $24,836.
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Footnotes & Information
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