PPP Loan Data — Star Lumber & Supply Co., Inc, Wichita, KS
Star Lumber & Supply Co., Inc is a subchapter s corporation located at 325 S. West Street in Wichita, Kansas that received a Coronavirus-related PPP loan from the SBA of $4,037,700.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:UMB Bank, National Association
Star Lumber & Supply Co., Inc in Wichita, KS received a Paycheck Protection Loan of $4.04M through UMB Bank, National Association, which was approved in April, 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, Star Lumber & Supply Co., Inc's 2019 payroll expenses are estimated to be at least $19.38M.
Based on their reported 316 jobs retained, this equals an estimated average yearly compensation of $61,332 per employee1
Reported PPP Proceed Usage:
On the PPP application, Star Lumber & Supply Co., Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $4,037,700
Business Information - Star Lumber & Supply Co., Inc in Wichita, KS
325 S. West Street
Wichita, KS 67213
Other Building Material Dealers
NAICS code 444190
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Wichita
In the Wichita area, 6 businesses in the "Other Building Material Dealers" industry received a PPP loan. These local businesses reported an average of 58 employees (compared to this company's 316) and received an average PPP loan of $717,105 (compared to this company's $4.04M).
Similar Nearby Businesses Who Received PPP Funding:
CDK Distribution LLC Of Wichita
A Pane In The Glass Ict
National Flooring Of Kansas, Inc
Farha Carpet & Building Supply Inc
Mid-West Electrical Supply Inc
Industry PPP Comparison Statistics
Nationwide, 10,957 businesses in the "Other Building Material Dealers" industry received a total of $1.4B 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, 96% lower than Star Lumber & Supply Co., Inc's reported 316 employees, and received an average PPP loan of $127,424, 97% lower than this company's loan of $4.04M.
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Footnotes & Information
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