PPP Loan Data — Stone Ridge Development, LLC, Winfield, WV
Stone Ridge Development, LLC is a limited liability company (LLC) located at 12546 Winfield Rd in Winfield, West Virginia that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Stone Ridge Development, LLC in Winfield, WV received a Paycheck Protection Loan of $25,000 through United Bank, 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, Stone Ridge Development, LLC's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $24,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, Stone Ridge Development, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - Stone Ridge Development, LLC in Winfield, WV
12546 Winfield Rd
Winfield, WV 25213
Lessors of Miniwarehouses and Self-Storage Units
NAICS code 531130
Business Owner Demographics
Veteran Status: Unreported
Business Age: Change of Ownership
LMI Zone: N
Rural / Urban: Rural
Industry PPP Comparison Statistics
Nationwide, 4,655 businesses in the "Lessors of Miniwarehouses and Self-Storage Units" industry received a total of $194.63M 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 6 employees, 20% higher than Stone Ridge Development, LLC's reported 5 employees, and received an average PPP loan of $41,810, 67% higher than this company's loan of $25,000.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!