PPP Loan Data — S & T Ultimate, LLC, Sheridan, WY
S & T Ultimate, LLC is a partnership located at 4 Deer Haven Dr in Sheridan, Wyoming that received a Coronavirus-related PPP loan from the SBA of $25,327.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least two people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Security State Bank
S & T Ultimate, LLC in Sheridan, WY received a Paycheck Protection Loan of $25,327 through Security State 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, S & T Ultimate, LLC's 2019 payroll expenses are estimated to be at least $121,570.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $60,785 per employee1
Reported PPP Proceed Usage:
On the PPP application, S & T Ultimate, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,327
Business Information - S & T Ultimate, LLC in Sheridan, WY
4 Deer Haven Dr
Sheridan, WY 82801
Offices of Real Estate Agents and Brokers
NAICS code 531210
Business Owner Demographics
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 Sheridan
In the Sheridan area, 54 businesses in the "Offices of Real Estate Agents and Brokers" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 2) and received an average PPP loan of $19,074 (compared to this company's $25,327).
Similar Nearby Businesses Who Received PPP Funding:
Three G, Inc
Team Westkott, LLC
Tina M Mediate Real Estate Sales
Sheena Bernard Real Estate
Equality Land Company. Inc
Industry PPP Comparison Statistics
Nationwide, 255,794 businesses in the "Offices of Real Estate Agents and Brokers" industry received a total of $5.75B in PPP loans. These businesses account for 2% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 2 employees, the same amount reported by S & T Ultimate, LLC and received an average PPP loan of $22,469, 11% lower than this company's loan of $25,327.
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Footnotes & Information
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