PPP Loan Data — Septagon Industries, Inc, Sedalia, MO
Septagon Industries, Inc is a sole proprietorship located at 113 E 3rd St in Sedalia, Missouri that received a Coronavirus-related PPP loan from the SBA of $1,958,400.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 138 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:The Central Trust Bank
Septagon Industries, Inc in Sedalia, MO received a Paycheck Protection Loan of $1.96M through The Central Trust 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 April, 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, Septagon Industries, Inc's 2019 payroll expenses are estimated to be at least $9.4M.
Based on their reported 138 jobs retained, this equals an estimated average yearly compensation of $68,118 per employee1
Reported PPP Proceed Usage:
On the PPP application, Septagon Industries, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,762,560
- Rent: $195,840
Business Information - Septagon Industries, Inc in Sedalia, MO
113 E 3rd St
Sedalia, MO 65301
Industrial Building Construction
NAICS code 236210
Business Owner Demographics
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Rural
Similar Companies near Sedalia
In the Sedalia area, 2 businesses in the "Industrial Building Construction" industry received a PPP loan. These local businesses reported an average of 70 employees (compared to this company's 138) and received an average PPP loan of $983,153 (compared to this company's $1.96M).
Similar Nearby Businesses Who Received PPP Funding:
Industry PPP Comparison Statistics
Nationwide, 16,732 businesses in the "Industrial Building Construction" industry received a total of $2.24B 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 10 employees, 93% lower than Septagon Industries, Inc's reported 138 employees, and received an average PPP loan of $134,004, 93% lower than this company's loan of $1.96M.
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Footnotes & Information
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