PPP Loan Data — Stilwell Ranch, Kadoka, SD
Stilwell Ranch is a sole proprietorship located at 24325 Indian Creek Rd in Kadoka, South Dakota that received a Coronavirus-related PPP loan from the SBA of $24,844.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least three people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:First National Bank in Philip
Stilwell Ranch in Kadoka, SD received a Paycheck Protection Loan of $24,844 through First National Bank in Philip, 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 January, 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, Stilwell Ranch's 2019 payroll expenses are estimated to be at least $119,251.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $39,750 per employee1
Reported PPP Proceed Usage:
On the PPP application, Stilwell Ranch reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,844
Business Information - Stilwell Ranch in Kadoka, SD
24325 Indian Creek Rd
Kadoka, SD 57543
Beef Cattle Ranching and Farming
NAICS code 112111
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Kadoka
In the Kadoka area, 145 businesses in the "Beef Cattle Ranching and Farming" industry received a PPP loan. These local businesses reported an average of 1 employees (compared to this company's 3) and received an average PPP loan of $14,657 (compared to this company's $24,844).
Similar Nearby Businesses Who Received PPP Funding:
JO Beth Eisenbraun
Industry PPP Comparison Statistics
Nationwide, 215,770 businesses in the "Beef Cattle Ranching and Farming" industry received a total of $2.8B in PPP loans. These businesses account for 2% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 1 employees, 67% lower than Stilwell Ranch's reported 3 employees, and received an average PPP loan of $12,970, 48% lower than this company's loan of $24,844.
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Footnotes & Information
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