PPP Loan Data — Seeley Swan Pharmacy, Inc, Seeley Lake, MT
Seeley Swan Pharmacy, Inc is a corporation located at 3027 Mt Highway 83 in Seeley Lake, Montana that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in April, 2020.
The company has reported itself as a White female owned business, and employed at least three people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Seeley Swan Pharmacy, Inc in Seeley Lake, MT received a Paycheck Protection Loan of $25,000 through TrailWest 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 December, 2020.
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, Seeley Swan Pharmacy, 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, Seeley Swan Pharmacy, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $20,000
- Rent: $5,000
Business Information - Seeley Swan Pharmacy, Inc in Seeley Lake, MT
3027 Mt Highway 83
Seeley Lake, MT 59868
Pharmacies and Drug Stores
NAICS code 446110
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Female Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 18,035 businesses in the "Pharmacies and Drug Stores" industry received a total of $1.7B 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, 300% higher than Seeley Swan Pharmacy, Inc's reported 3 employees, and received an average PPP loan of $94,214, 277% higher than this company's loan of $25,000.
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Footnotes & Information
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