PPP Loan Data — S & L Holzwarth Farm Inc, Gettysburg, SD
S & L Holzwarth Farm Inc is a subchapter s corporation located at 211 S Platte St in Gettysburg, South Dakota that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Great Western Bank
S & L Holzwarth Farm Inc in Gettysburg, SD received a Paycheck Protection Loan of $25,000 through Great Western 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 June, 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 & L Holzwarth Farm Inc's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $40,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, S & L Holzwarth Farm Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - S & L Holzwarth Farm Inc in Gettysburg, SD
211 S Platte St
Gettysburg, SD 57442
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 Gettysburg
In the Gettysburg area, 38 businesses in the "Oilseed and Grain Combination Farming" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 3) and received an average PPP loan of $17,916 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
S E G Farms, Inc
SMR Farms Inc
Lonny Potts Farm Inc
Brady Potts Farm Inc
T And K Cattle Co., 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, 33% lower than S & L Holzwarth Farm Inc's reported 3 employees, and received an average PPP loan of $19,694, 21% lower than this company's loan of $25,000.
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Footnotes & Information
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