PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Scott Holbeck, Armour, SD

ALERT: There are 2 PPP loans for a total of $51,986 in our database for businesses with the name "Scott Holbeck" in Armour, SD. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for Scott Holbeck
SD

Scott Holbeck

Entity: Sole Proprietorship

Industry: Beef Cattle Ranching and Farming

Location: Armour, SD

Search All PPP Data

Scott Holbeck is a sole proprietorship located at 28345 389th Ave in Armour, South Dakota that received a Coronavirus-related PPP loan from the SBA of $37,686.00 in March, 2021.

$ PPP Loan Information
Loan #4089578600

Loan Size:

$37,686

Jobs Retained:

2

Loan Approved:

2021-03-17

Loan Status:

Ongoing Loan

Lender:

Farm Credit Services of America, ACA

Scott Holbeck in Armour, SD received a Paycheck Protection Loan of $37,686 through Farm Credit Services of America, ACA, which was approved in March, 2021.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA. The loan's status was last updated by the SBA in November, -0001.

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 More
Understanding 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 More

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, Scott Holbeck's 2019 payroll expenses are estimated to be at least $180,893.

Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $90,447 per employee1

Reported PPP Proceed Usage:

On the PPP application, Scott Holbeck reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $37,684
  • Utilities: $1

Business Information - Scott Holbeck in Armour, SD

Scott Holbeck
28345 389th Ave
Armour, SD 57313

Business Industry:
Beef Cattle Ranching and Farming
NAICS code 112111

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: N

HUBZone: Y

Rural / Urban: Rural

Charles Mix County, SD — SBA Office 0876 — Congressional District: SD-

Similar Companies near Armour

In the Armour area, 223 businesses in the "Beef Cattle Ranching and Farming" industry received a PPP loan. These local businesses reported an average of 1 employees (compared to this company's 2) and received an average PPP loan of $17,882 (compared to this company's $37,686).

Industry PPP Comparison Statistics

Nationwide, 215,563 businesses in the "Beef Cattle Ranching and Farming" industry received a total of $2.8B in PPP loans. These businesses account for 2% of total PPP applications submitted, and received 0% of the total PPP funding allocated.

PPP recipients in this industry report an average of 1 employees, 50% lower than Scott Holbeck's reported 2 employees, and received an average PPP loan of $12,969, 66% lower than this company's loan of $37,686.

SBA PPP loan data, payroll data, and salaries for Scott Holbeck
SD

Scott Holbeck

Entity: Sole Proprietorship

Industry: Beef Cattle Ranching and Farming

Location: Armour, SD

Search All PPP Data

Scott Holbeck is a sole proprietorship located in Armour, South Dakota that received a Coronavirus-related PPP loan from the SBA of $14,300.00 in April, 2020.

$ PPP Loan Information
Loan #6053567206

Loan Size:

$14,300

Jobs Retained:

1

Loan Approved:

2020-04-27

Loan Status:

Paid in Full or Forgiven

Lender:

Farm Credit Services of America, ACA

Scott Holbeck in Armour, SD received a Paycheck Protection Loan of $14,300 through Farm Credit Services of America, ACA, 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 February, 2021.


PPP Calculation Note: The total PPP loan an eligible business or individual can receive is based on 2.5 times their average monthly 2019 payroll expenses, capped at $100,000 annually per employee.

Reported PPP Proceed Usage:

On the PPP application, Scott Holbeck reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $14,300

Business Information - Scott Holbeck in Armour, SD

Scott Holbeck
Armour, SD
* Full address is redacted to protect the privacy of individuals.

Business Industry:
Beef Cattle Ranching and Farming
NAICS code 112111

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age:

LMI Zone: Y

HUBZone: Y

Rural / Urban: Rural

Charles Mix County, SD — SBA Office 0876 — Congressional District: SD-

Similar Companies near Armour

In the Armour area, 223 businesses in the "Beef Cattle Ranching and Farming" industry received a PPP loan. These local businesses reported an average of 1 employees (compared to this company's 1) and received an average PPP loan of $17,882 (compared to this company's $14,300).

Industry PPP Comparison Statistics

Nationwide, 215,563 businesses in the "Beef Cattle Ranching and Farming" industry received a total of $2.8B in PPP loans. These businesses account for 2% of total PPP applications submitted, and received 0% of the total PPP funding allocated.

PPP recipients in this industry report an average of 1 employees, the same amount reported by Scott Holbeck and received an average PPP loan of $12,969, 9% lower than this company's loan of $14,300.

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.

Search FederalPay's Full PPP Loan Database

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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Source: www.federalpay.org/paycheck-protection-program/scott-holbeck-armour-sd