PPP Loan Data — Van Regenmorter Land & Livestock Inc, Inwood, IA
Van Regenmorter Land & Livestock Inc is a corporation located at 2128 240th St in Inwood, Iowa that received a Coronavirus-related PPP loan from the SBA of $25,200.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least seven people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Van Regenmorter Land & Livestock Inc in Inwood, IA received a Paycheck Protection Loan of $25,200 through Peoples 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 February, 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, Van Regenmorter Land & Livestock Inc's 2019 payroll expenses are estimated to be at least $120,960.
Based on their reported 7 jobs retained, this equals an estimated average yearly compensation of $17,280 per employee1
Reported PPP Proceed Usage:
On the PPP application, Van Regenmorter Land & Livestock Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,200
Business Information - Van Regenmorter Land & Livestock Inc in Inwood, IA
2128 240th St
Inwood, IA 51240
NAICS code 111150
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Inwood
In the Inwood area, 62 businesses in the "Corn Farming" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 7) and received an average PPP loan of $23,149 (compared to this company's $25,200).
Similar Nearby Businesses Who Received PPP Funding:
Wanda J. Hoogendoorn
Paul Chris Viereck
Industry PPP Comparison Statistics
Nationwide, 91,263 businesses in the "Corn Farming" industry received a total of $1.75B 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 2 employees, 71% lower than Van Regenmorter Land & Livestock Inc's reported 7 employees, and received an average PPP loan of $19,196, 24% lower than this company's loan of $25,200.
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Footnotes & Information
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