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PPP Loan Data — Spartan Companies 300 LLC,
Richmond, UT
Spartan Companies 300 LLC
Entity: Limited Liability Company (LLC)
Industry: All Other Specialty Trade Contractors
Location: Richmond, UT
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Spartan Companies 300 LLC is a limited liability company (LLC) located at 116 W 100 S in Richmond, Utah that received a Coronavirus-related PPP loan from the SBA of $2,000,000.00 in March, 2021.
$
PPP Loan Information
Loan #5849398505
Loan Size:
Jobs Retained:
227Loan Approved:
2021-03-02Loan Status:
Paid in Full or ForgivenLender:
Cache Valley BankSpartan Companies 300 LLC in Richmond, UT received a Paycheck Protection Loan of $2M through Cache Valley Bank, which was approved in March, 2021.
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 November, 2021.
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 MoreUnderstanding 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 MoreBased 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, Spartan Companies 300 LLC's 2019 payroll expenses are estimated to be at least $9.6M.
Based on their reported 227 jobs retained, this equals an estimated average yearly compensation of $42,291 per employee1
Reported PPP Proceed Usage:
On the PPP application, Spartan Companies 300 LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,999,998
- Utilities: $1
Business Information - Spartan Companies 300 LLC in Richmond, UT
116 W 100 S
Richmond, UT 84333
Business Industry:
All Other Specialty Trade Contractors
NAICS code 238990
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: N
Rural / Urban: Urban
Similar Companies near Richmond
In the Richmond area, 6 businesses in the "All Other Specialty Trade Contractors" industry received a PPP loan. These local businesses reported an average of 45 employees (compared to this company's 227) and received an average PPP loan of $370,978 (compared to this company's $2M).
Similar Nearby Businesses Who Received PPP Funding:
Stickman Lawncare LLC
Providence, UT
Little G LLC
Riverside, UT
David Gabriel Chadwick
Providence, UT
UDB Inc
Richmond, UT
Jensen's Custom Cabinets And Mill Work LLC
Providence, UT
Industry PPP Comparison Statistics
Nationwide, 92,267 businesses in the "All Other Specialty Trade Contractors" industry received a total of $8.02B 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 8 employees, 96% lower than Spartan Companies 300 LLC's reported 227 employees, and received an average PPP loan of $86,936, 96% lower than this company's loan of $2M.
Spartan Companies 300, LLC
Entity: Limited Liability Company (LLC)
Industry: Oil and Gas Pipeline and Related Structures Construction
Location: Richmond, UT
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Spartan Companies 300, LLC is a limited liability company (LLC) located at 116 West 100 in Richmond, Utah that received a Coronavirus-related PPP loan from the SBA of $7,071,700.00 in April, 2020.
$
PPP Loan Information
Loan #4465237002
Loan Size:
Jobs Retained:
487Loan Approved:
2020-04-03Loan Status:
Paid in Full or ForgivenLender:
Cache Valley BankSpartan Companies 300, LLC in Richmond, UT received a Paycheck Protection Loan of $7.07M through Cache Valley 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 July, 2021.
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 MoreUnderstanding 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 MoreBased 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, Spartan Companies 300, LLC's 2019 payroll expenses are estimated to be at least $33.94M.
Based on their reported 487 jobs retained, this equals an estimated average yearly compensation of $69,701 per employee1
Reported PPP Proceed Usage:
On the PPP application, Spartan Companies 300, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $7,003,372
- Utilities: $7,648
- Rent: $60,680
Business Information - Spartan Companies 300, LLC in Richmond, UT
116 West 100
Richmond, UT 84333
Business Industry:
Oil and Gas Pipeline and Related Structures Construction
NAICS code 237120
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: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 3,016 businesses in the "Oil and Gas Pipeline and Related Structures Construction" industry received a total of $1.06B 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 23 employees, 95% lower than Spartan Companies 300, LLC's reported 487 employees, and received an average PPP loan of $350,845, 95% lower than this company's loan of $7.07M.
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.
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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