PPP Loan Data — Swift Construction LLC, Bethel, OH
Swift Construction LLC
Entity: Sole Proprietorship
Location: Bethel, OHTweet This • Search All PPP Data
Swift Construction LLC is a sole proprietorship located in Bethel, Ohio that received a Coronavirus-related PPP loan from the SBA of $46,200.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:PNC Bank, National Association
Swift Construction LLC in Bethel, OH received a Paycheck Protection Loan of $46,200 through PNC Bank, National Association, which was approved in May, 2020.
The minimum number of employees this company must have had in 2019 to qualify for the loan range received is 2. This estimation is accurate if all employees were paid at or over the $100k PPP salary eligibility cap.
Reported PPP Proceed Usage:
On the PPP application, Swift Construction LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,200
Business Information - Swift Construction LLC in Bethel, OH
* Full address is redacted to protect the privacy of individuals.
New Single-Family Housing Construction (except For-Sale Builders)
NAICS code 236115
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Bethel
In the Bethel area, 8 businesses in the "New Single-Family Housing Construction (except For-Sale Builders)" industry received a PPP loan. These local businesses reported an average of 11 employees (compared to this company's 1) and received an average PPP loan of $89,871 (compared to this company's $46,200).
Similar Nearby Businesses Who Received PPP Funding:
David Bauer Custom Homes Inc
TAG Williams Inc
Rose Pros, LLC
M&M Construction Group, Inc
Horseshoe Construction DBA None
Industry PPP Comparison Statistics
Nationwide, 127,156 businesses in the "New Single-Family Housing Construction (except For-Sale Builders)" industry received a total of $5.75B 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 5 employees, 400% higher than Swift Construction LLC's reported 1 employees, and received an average PPP loan of $45,182, 2% lower than this company's loan of $46,200.
FederalPay's PPP Information Policy
Footnotes & Information
3. Since the PPP eligibility will include a maximum of $100k in salary expenses for each employee in the qualifying period, the minimum number of employees required to be eligible for a given PPP loan amount can be calculated by the following equation: ((LOAN AMOUNT/2.5 months) * 12 months) / 100k max salary. If a company reports fewer employees than this amount on their PPP application, it is likely because they had more employees on payroll during the qualifying period.
Have FederalPay.org's open data tools been valuable? Consider donating!