PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Zinns Septic Service LLC, Buckhannon, WV

ALERT: There are 2 PPP loans for a total of $52,645 in our database for businesses with the name "Zinns Septic Service LLC" in Buckhannon, WV. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for Zinns Septic Service LLC
WV

Zinns Septic Service LLC

Entity: Limited Liability Company (LLC)

Industry: Septic Tank and Related Services

Location: Buckhannon, WV

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Zinns Septic Service LLC is a limited liability company (LLC) located at 175 Cloverleaf Ln in Buckhannon, West Virginia that received a Coronavirus-related PPP loan from the SBA of $27,695.00 in February, 2021.

$ PPP Loan Information
Loan #5044448401

Loan Size:

$27,695

Jobs Retained:

5

Loan Approved:

2021-02-07

Loan Status:

Ongoing Loan

Lender:

The Citizens Bank of Weston

Zinns Septic Service LLC in Buckhannon, WV received a Paycheck Protection Loan of $27,695 through The Citizens Bank of Weston, which was approved in February, 2021.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, Zinns Septic Service LLC's 2019 payroll expenses are estimated to be at least $132,936.

Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $26,587 per employee1

Reported PPP Proceed Usage:

On the PPP application, Zinns Septic Service LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $27,692
  • Utilities: $1

Business Information - Zinns Septic Service LLC in Buckhannon, WV

Zinns Septic Service LLC
175 Cloverleaf Ln
Buckhannon, WV 26201

Business Industry:
Septic Tank and Related Services
NAICS code 562991

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: Y

Rural / Urban: Rural

Upshur County, WV — SBA Office 0390 — Congressional District: WV-02

Industry PPP Comparison Statistics

Nationwide, 3,403 businesses in the "Septic Tank and Related Services" industry received a total of $240.96M 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 8 employees, 60% higher than Zinns Septic Service LLC's reported 5 employees, and received an average PPP loan of $70,809, 156% higher than this company's loan of $27,695.

SBA PPP loan data, payroll data, and salaries for Zinn's Septic Service, LLC
WV

Zinn's Septic Service, LLC

Entity: Limited Liability Company (LLC)

Industry: Hydroelectric Power Generation

Location: Buckhannon, WV

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Zinn's Septic Service, LLC is a limited liability company (LLC) located at 175 Cloverleaf Lane in Buckhannon, West Virginia that received a Coronavirus-related PPP loan from the SBA of $24,950.00 in April, 2020.

$ PPP Loan Information
Loan #6429317309

Loan Size:

$24,950

Jobs Retained:

5

Loan Approved:

2020-04-30

Loan Status:

Ongoing Loan

Lender:

Cross River Bank

Zinn's Septic Service, LLC in Buckhannon, WV received a Paycheck Protection Loan of $24,950 through Cross River Bank, which was approved in April, 2020.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, Zinn's Septic Service, LLC's 2019 payroll expenses are estimated to be at least $119,760.

Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $23,952 per employee1

Reported PPP Proceed Usage:

On the PPP application, Zinn's Septic Service, LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $24,950

Business Information - Zinn's Septic Service, LLC in Buckhannon, WV

Zinn's Septic Service, LLC
175 Cloverleaf Lane
Buckhannon, WV 26201

Business Industry:
Hydroelectric Power Generation
NAICS code 221111

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age:

LMI Zone: N

HUBZone: Y

Rural / Urban: Rural

Upshur County, WV — SBA Office 0390 — Congressional District: WV-02

Industry PPP Comparison Statistics

Nationwide, 323 businesses in the "Hydroelectric Power Generation" industry received a total of $37.06M 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, 80% higher than Zinn's Septic Service, LLC's reported 5 employees, and received an average PPP loan of $114,724, 360% higher than this company's loan of $24,950.

FederalPay's PPP Information Policy

Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan.

All information displayed on this page is publicly available information under PPP loan guidelines, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

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Footnotes & Information

1. Estimations for informational purposes only. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.

2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.


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Source: www.federalpay.org/paycheck-protection-program/zinns-septic-service-llc-buckhannon-wv