PPP Loan Data — Widmer Construction LLC, Maple Plain, MN
Widmer Construction LLC
Entity: Limited Liability Company (LLC)
Location: Maple Plain, MNTweet This • Search All PPP Data
Widmer Construction LLC is a limited liability company (LLC) located at 9455 County Road 15 in Maple Plain, Minnesota that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least thirteen people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Choice Financial Group
Widmer Construction LLC in Maple Plain, MN received a Paycheck Protection Loan of $25,000 through Choice Financial Group, 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, Widmer Construction LLC's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 13 jobs retained, this equals an estimated average yearly compensation of $9,231 per employee1
Reported PPP Proceed Usage:
On the PPP application, Widmer Construction LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - Widmer Construction LLC in Maple Plain, MN
9455 County Road 15
Maple Plain, MN 55359
Water and Sewer Line and Related Structures Construction
NAICS code 237110
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Maple Plain
In the Maple Plain area, 5 businesses in the "Water and Sewer Line and Related Structures Construction" industry received a PPP loan. These local businesses reported an average of 19 employees (compared to this company's 13) and received an average PPP loan of $255,705 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
CC Steel LLC
Maple Plain, MN
Maple Plain, MN
Latour Construction Inc
Maple Lake, MN
Industry PPP Comparison Statistics
Nationwide, 8,904 businesses in the "Water and Sewer Line and Related Structures Construction" industry received a total of $1.93B 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 17 employees, 31% higher than Widmer Construction LLC's reported 13 employees, and received an average PPP loan of $216,804, 767% higher than this company's loan of $25,000.
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Footnotes & Information
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