PPP Loan Data — Semco Distributing, Inc, Perryville, MO
Semco Distributing, Inc
Entity: Subchapter S Corporation
Location: Perryville, MOTweet This • Search All PPP Data
Semco Distributing, Inc is a subchapter s corporation located at 50 Robinson Industrial Dr in Perryville, Missouri that received a Coronavirus-related PPP loan from the SBA of $1,526,494.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:First State Community Bank
Semco Distributing, Inc in Perryville, MO received a Paycheck Protection Loan of $1.53M through First State Community 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 February, 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, Semco Distributing, Inc's 2019 payroll expenses are estimated to be at least $7.33M.
Based on their reported 137 jobs retained, this equals an estimated average yearly compensation of $53,483 per employee1
Reported PPP Proceed Usage:
On the PPP application, Semco Distributing, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,233,566
- Utilities: $27,196
- Rent: $199,000
- Health Care: $66,732
Business Information - Semco Distributing, Inc in Perryville, MO
50 Robinson Industrial Dr
Perryville, MO 63775
Other Miscellaneous Durable Goods Merchant Wholesalers
NAICS code 423990
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Industry PPP Comparison Statistics
Nationwide, 26,568 businesses in the "Other Miscellaneous Durable Goods Merchant Wholesalers" industry received a total of $1.98B 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 7 employees, 95% lower than Semco Distributing, Inc's reported 137 employees, and received an average PPP loan of $74,615, 95% lower than this company's loan of $1.53M.
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Footnotes & Information
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