PPP Loan Data — The Harvest Group, LLC, Rogers, AR
The Harvest Group, LLC is a limited liability company (LLC) located at 5100 W Jb Hunt Drive in Rogers, Arkansas that received a Coronavirus-related PPP loan from the SBA of $1,910,700.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
The Harvest Group, LLC in Rogers, AR received a Paycheck Protection Loan of $1.91M through Arvest 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, The Harvest Group, LLC's 2019 payroll expenses are estimated to be at least $9.17M.
Based on their reported 99 jobs retained, this equals an estimated average yearly compensation of $92,640 per employee1
Reported PPP Proceed Usage:
On the PPP application, The Harvest Group, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,910,700
Business Information - The Harvest Group, LLC in Rogers, AR
5100 W Jb Hunt Drive
Rogers, AR 72758
Marketing Consulting Services
NAICS code 541613
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Rogers
In the Rogers area, 23 businesses in the "Marketing Consulting Services" industry received a PPP loan. These local businesses reported an average of 11 employees (compared to this company's 99) and received an average PPP loan of $186,379 (compared to this company's $1.91M).
Similar Nearby Businesses Who Received PPP Funding:
Raising The Standard LLC
Bold Strategies, Inc
MS Roberts Consulting LLC
RK Sales & Marketing Inc
Summit Sales, LLC
Onestone Solutions Group, LLC
Industry PPP Comparison Statistics
Nationwide, 86,997 businesses in the "Marketing Consulting Services" industry received a total of $3.45B 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 3 employees, 97% lower than The Harvest Group, LLC's reported 99 employees, and received an average PPP loan of $39,652, 98% lower than this company's loan of $1.91M.
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Footnotes & Information
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