PPP Loan Data — Tucker Louthan, Idalia, CO
Tucker Louthan is a self-employed individual located in Idalia, Colorado that received a Coronavirus-related PPP loan from the SBA of $25,042.00 in January, 2021.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Wray State Bank
Tucker Louthan in Idalia, CO received a Paycheck Protection Loan of $25,042 through Wray State Bank, which was approved in January, 2021.
The minimum number of employees this company must have had in 2019 to qualify for the loan range received is 1. 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, Tucker Louthan reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,042
Business Information - Tucker Louthan in Idalia, CO
* Full address is redacted to protect the privacy of individuals.
Beef Cattle Ranching and Farming
NAICS code 112111
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Idalia
In the Idalia area, 123 businesses in the "Beef Cattle Ranching and Farming" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 1) and received an average PPP loan of $16,800 (compared to this company's $25,042).
Similar Nearby Businesses Who Received PPP Funding:
He Farms Inc
Robert D Brenner
Gerk Farms LLC
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, the same amount reported by Tucker Louthan and received an average PPP loan of $12,970, 48% lower than this company's loan of $25,042.
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.
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