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PPP Loan Data — Scott And Murphy Inc,
Bowling Green, KY
Scott And Murphy Inc
Entity: Subchapter S Corporation
Industry: Commercial and Institutional Building Construction
Location: Bowling Green, KY
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Scott And Murphy Inc is a subchapter s corporation located at 2335 Barren River Rd in Bowling Green, Kentucky that received a Coronavirus-related PPP loan from the SBA of $2,000,000.00 in February, 2021.
$
PPP Loan Information
Loan #2988068409
Loan Size:
Jobs Retained:
218Loan Approved:
2021-02-04Loan Status:
Paid in Full or ForgivenLender:
Independence Bank of KentuckyScott And Murphy Inc in Bowling Green, KY received a Paycheck Protection Loan of $2M through Independence Bank of Kentucky, which was approved in February, 2021.
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 November, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased 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, Scott And Murphy Inc's 2019 payroll expenses are estimated to be at least $9.6M.
Based on their reported 218 jobs retained, this equals an estimated average yearly compensation of $44,037 per employee1
Reported PPP Proceed Usage:
On the PPP application, Scott And Murphy Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,999,994
- Utilities: $1
Business Information - Scott And Murphy Inc in Bowling Green, KY
2335 Barren River Rd
Bowling Green, KY 42101
Business Industry:
Commercial and Institutional Building Construction
NAICS code 236220
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: Y
HUBZone: Y
Rural / Urban: Rural
Similar Companies near Bowling Green
In the Bowling Green area, 14 businesses in the "Commercial and Institutional Building Construction" industry received a PPP loan. These local businesses reported an average of 42 employees (compared to this company's 218) and received an average PPP loan of $539,623 (compared to this company's $2M).
Similar Nearby Businesses Who Received PPP Funding:
Riteway Construction, Inc
Bowling Green, KY
Jeanette Jeffery
Bowling Green, KY
Jason Andrew Clark
Bowling Green, KY
Phil Brown Construction LLC
Bowling Green, KY
Floyd Washer
Bowling Green, KY
J. Allen Builders, Inc
Bowling Green, KY
Scott And Ritter, Inc
Bowling Green, KY
Pine Tree Mechanical Company, Inc
Bowling Green, KY
Industry PPP Comparison Statistics
Nationwide, 77,396 businesses in the "Commercial and Institutional Building Construction" industry received a total of $12.37B 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 12 employees, 94% lower than Scott And Murphy Inc's reported 218 employees, and received an average PPP loan of $159,889, 92% lower than this company's loan of $2M.
Scott And Murphy, Inc
Entity: Subchapter S Corporation
Industry: Commercial and Institutional Building Construction
Location: Bowling Green, KY
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Scott And Murphy, Inc is a subchapter s corporation located at 2335 Barren River Rd in Bowling Green, Kentucky that received a Coronavirus-related PPP loan from the SBA of $3,569,991.00 in April, 2020.
$
PPP Loan Information
Loan #3583847200
Loan Size:
Jobs Retained:
229Loan Approved:
2020-04-27Loan Status:
Paid in Full or ForgivenLender:
Independence Bank of KentuckyScott And Murphy, Inc in Bowling Green, KY received a Paycheck Protection Loan of $3.57M through Independence Bank of Kentucky, 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 July, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased 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, Scott And Murphy, Inc's 2019 payroll expenses are estimated to be at least $17.14M.
Based on their reported 229 jobs retained, this equals an estimated average yearly compensation of $74,830 per employee1
Reported PPP Proceed Usage:
On the PPP application, Scott And Murphy, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $3,569,991
Business Information - Scott And Murphy, Inc in Bowling Green, KY
2335 Barren River Rd
Bowling Green, KY 42101
Business Industry:
Commercial and Institutional Building Construction
NAICS code 236220
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: Y
HUBZone: Y
Rural / Urban: Rural
Similar Companies near Bowling Green
In the Bowling Green area, 14 businesses in the "Commercial and Institutional Building Construction" industry received a PPP loan. These local businesses reported an average of 42 employees (compared to this company's 229) and received an average PPP loan of $539,623 (compared to this company's $3.57M).
Similar Nearby Businesses Who Received PPP Funding:
Riteway Construction, Inc
Bowling Green, KY
Jeanette Jeffery
Bowling Green, KY
Jason Andrew Clark
Bowling Green, KY
Phil Brown Construction LLC
Bowling Green, KY
Floyd Washer
Bowling Green, KY
J. Allen Builders, Inc
Bowling Green, KY
Scott And Ritter, Inc
Bowling Green, KY
Pine Tree Mechanical Company, Inc
Bowling Green, KY
Industry PPP Comparison Statistics
Nationwide, 77,396 businesses in the "Commercial and Institutional Building Construction" industry received a total of $12.37B 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 12 employees, 95% lower than Scott And Murphy, Inc's reported 229 employees, and received an average PPP loan of $159,889, 96% lower than this company's loan of $3.57M.
FederalPay's PPP Information Policy
Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan.
All information displayed on this page is publicly available information under PPP loan guidelines, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.
Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.
Footnotes & Information
1. Estimations for informational purposes only. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.
2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.
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