PPP Loan Data — S And S Rocky Ridge Farms LLC, Lancaster, WI
S And S Rocky Ridge Farms LLC is a limited liability company (LLC) located at 3945 Hypoint Rd in Lancaster, Wisconsin that received a Coronavirus-related PPP loan from the SBA of $46,500.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least seven people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Mound City Bank
S And S Rocky Ridge Farms LLC in Lancaster, WI received a Paycheck Protection Loan of $46,500 through Mound City 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 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, S And S Rocky Ridge Farms LLC's 2019 payroll expenses are estimated to be at least $223,200.
Based on their reported 7 jobs retained, this equals an estimated average yearly compensation of $31,886 per employee1
Reported PPP Proceed Usage:
On the PPP application, S And S Rocky Ridge Farms LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,500
Business Information - S And S Rocky Ridge Farms LLC in Lancaster, WI
3945 Hypoint Rd
Lancaster, WI 53813
Dairy Cattle and Milk Production
NAICS code 112120
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Lancaster
In the Lancaster area, 50 businesses in the "Dairy Cattle and Milk Production" industry received a PPP loan. These local businesses reported an average of 4 employees (compared to this company's 7) and received an average PPP loan of $31,764 (compared to this company's $46,500).
Similar Nearby Businesses Who Received PPP Funding:
Nathan A Landon
HI View Shorthorns Inc
Paradise-D Holsteins LLC
Industry PPP Comparison Statistics
Nationwide, 24,315 businesses in the "Dairy Cattle and Milk Production" industry received a total of $1.23B 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 6 employees, 14% lower than S And S Rocky Ridge Farms LLC's reported 7 employees, and received an average PPP loan of $50,558, 9% higher than this company's loan of $46,500.
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Footnotes & Information
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