PPP Loan Data — SL Outsource Inc, Rexburg, ID
SL Outsource Inc is a corporation located at 2520 W 4000 N in Rexburg, Idaho that received a Coronavirus-related PPP loan from the SBA of $25,441.00 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
SL Outsource Inc in Rexburg, ID received a Paycheck Protection Loan of $25,441 through Beehive FCU, 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, SL Outsource Inc's 2019 payroll expenses are estimated to be at least $122,117.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $40,706 per employee1
Reported PPP Proceed Usage:
On the PPP application, SL Outsource Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $19,081
- Utilities: $3,180
- Rent: $3,180
Business Information - SL Outsource Inc in Rexburg, ID
2520 W 4000 N
Rexburg, ID 83440
General Freight Trucking, Local
NAICS code 484110
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
Similar Companies near Rexburg
In the Rexburg area, 13 businesses in the "General Freight Trucking, Local" industry received a PPP loan. These local businesses reported an average of 5 employees (compared to this company's 3) and received an average PPP loan of $39,014 (compared to this company's $25,441).
Similar Nearby Businesses Who Received PPP Funding:
Kilburn Trucking LLC
Waddell Brothers Trucking Inc
Canyon Creek Trucking, LLC
Jacobs Silver K Farms, Inc
Blackrock Heavy Haul LLC
Cornelison Trucking, Inc
JAG Industries LLC
Industry PPP Comparison Statistics
Nationwide, 175,867 businesses in the "General Freight Trucking, Local" industry received a total of $6.6B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 4 employees, 33% higher than SL Outsource Inc's reported 3 employees, and received an average PPP loan of $37,520, 47% higher than this company's loan of $25,441.
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Footnotes & Information
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