PPP Loan Data — Tim Crawfords Kuna Machine Shop, Kuna, ID
Tim Crawfords Kuna Machine Shop is a limited liability company (LLC) located at 251 W Main St in Kuna, Idaho that received a Coronavirus-related PPP loan from the SBA of $25,278.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:First Interstate Bank
Tim Crawfords Kuna Machine Shop in Kuna, ID received a Paycheck Protection Loan of $25,278 through First Interstate Bank, 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 March, 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, Tim Crawfords Kuna Machine Shop's 2019 payroll expenses are estimated to be at least $121,334.
Based on their reported 7 jobs retained, this equals an estimated average yearly compensation of $17,333 per employee1
Reported PPP Proceed Usage:
On the PPP application, Tim Crawfords Kuna Machine Shop reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,278
Business Information - Tim Crawfords Kuna Machine Shop in Kuna, ID
251 W Main St
Kuna, ID 83634
NAICS code 332710
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Kuna
In the Kuna area, 3 businesses in the "Machine Shops" industry received a PPP loan. These local businesses reported an average of 5 employees (compared to this company's 7) and received an average PPP loan of $28,698 (compared to this company's $25,278).
Similar Nearby Businesses Who Received PPP Funding:
Tim Crawford's Kuna Machine Shop LLC
Industry PPP Comparison Statistics
Nationwide, 16,572 businesses in the "Machine Shops" industry received a total of $2.92B 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 15 employees, 114% higher than Tim Crawfords Kuna Machine Shop's reported 7 employees, and received an average PPP loan of $176,279, 597% higher than this company's loan of $25,278.
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Footnotes & Information
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