PPP Loan Data — Williams Drilling And Blasting Service, Edna Bay, AK
Williams Drilling And Blasting Service is a sole proprietorship located at 101 Williams St in Edna Bay, Alaska that received a Coronavirus-related PPP loan from the SBA of $25,138.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least three people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Williams Drilling And Blasting Service in Edna Bay, AK received a Paycheck Protection Loan of $25,138 through First 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 January, 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, Williams Drilling And Blasting Service's 2019 payroll expenses are estimated to be at least $120,662.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $40,221 per employee1
Reported PPP Proceed Usage:
On the PPP application, Williams Drilling And Blasting Service reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,138
Business Information - Williams Drilling And Blasting Service in Edna Bay, AK
101 Williams St
Edna Bay, AK 99901
Crushed and Broken Granite Mining and Quarrying
NAICS code 212313
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: Urban
Industry PPP Comparison Statistics
Nationwide, 101 businesses in the "Crushed and Broken Granite Mining and Quarrying" industry received a total of $10.19M 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 9 employees, 200% higher than Williams Drilling And Blasting Service's reported 3 employees, and received an average PPP loan of $100,910, 301% higher than this company's loan of $25,138.
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Footnotes & Information
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