PPP Loan Data — United Built Homes, LLC, Shreveport, LA
United Built Homes, LLC
Entity: Limited Liability Company (LLC)
Location: Shreveport, LATweet This • Search All PPP Data
United Built Homes, LLC is a limited liability company (LLC) located at 8500 Line Avenue in Shreveport, Louisiana that received a Coronavirus-related PPP loan from the SBA of $2,850,500.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
United Built Homes, LLC in Shreveport, LA received a Paycheck Protection Loan of $2.85M through Origin 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 July, 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, United Built Homes, LLC's 2019 payroll expenses are estimated to be at least $13.68M.
Based on their reported 195 jobs retained, this equals an estimated average yearly compensation of $70,166 per employee1
Reported PPP Proceed Usage:
On the PPP application, United Built Homes, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,650,500
- Utilities: $50,000
- Rent: $150,000
Business Information - United Built Homes, LLC in Shreveport, LA
8500 Line Avenue
Shreveport, LA 71106
New Single-Family Housing Construction (except For-Sale Builders)
NAICS code 236115
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Businesses Using Same Address:
There is one other business that received a PPP loan registered to the same address as United Built Homes, LLC.
United Builders Construction & Supply, Inc
Brick, Stone, and Related Construction Material Merchant Wholesalers
Similar Companies near Shreveport
In the Shreveport area, 42 businesses in the "New Single-Family Housing Construction (except For-Sale Builders)" industry received a PPP loan. These local businesses reported an average of 8 employees (compared to this company's 195) and received an average PPP loan of $101,860 (compared to this company's $2.85M).
Similar Nearby Businesses Who Received PPP Funding:
Bella Maison Construction LLC
Charles B Horne
Hinton Construction Company Inc
Terry M. Elston Builder
Hamilton Builders, LLC
Clarke Is Here Commercial Construction Inc
Industry PPP Comparison Statistics
Nationwide, 125,433 businesses in the "New Single-Family Housing Construction (except For-Sale Builders)" industry received a total of $5.71B 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, 97% lower than United Built Homes, LLC's reported 195 employees, and received an average PPP loan of $45,486, 98% lower than this company's loan of $2.85M.
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Footnotes & Information
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