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PPP Loan Data — Zoot Enterprises Inc, Bozeman, MT

SBA PPP loan data, payroll data, and salaries for Zoot Enterprises Inc
MT

Zoot Enterprises Inc

Entity: Corporation

Industry: Financial Transactions Processing, Reserve, and Clearinghouse Activities

Location: Bozeman, MT

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Zoot Enterprises Inc is a corporation located at 555 Zoot Enterprises Ln in Bozeman, Montana that received a Coronavirus-related PPP loan from the SBA of $5,006,200.00 in April, 2020.

The company has reported itself as a White owned business, and employed at least 278 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$5.01M

Jobs Retained:

278

Loan Approved:

2020-04-03

Lender:

STOCKMAN BANK OF MONTANA

Zoot Enterprises Inc in Bozeman, MT received a Paycheck Protection Loan of $5.01M through STOCKMAN BANK OF MONTANA, which was approved in April, 2020.

Based on standard PPP eligibility rules, Zoot Enterprises Inc's total 2019 payroll expenses were approximately $24.03M in order to qualify for the PPP loan amount received.

Based on their reported 278 jobs retained, this equals an estimated average yearly compensation of $86,438 per employee1.

Because the loan received by Zoot Enterprises Inc is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Zoot Enterprises Inc in Bozeman, MT

Zoot Enterprises Inc
555 Zoot Enterprises Ln
Bozeman, MT 59718

Business Industry

Financial Transactions Processing, Reserve, and Clearinghouse Activities (NAICS code 522320)

Business Owner Demographics

Race / Ethnicity: WHITE

Gender: Unreported

Veteran Status: Unreported

Congressional District: MT-

Industry PPP Comparison Statistics

Nationwide, 2,295 businesses in the "Financial Transactions Processing, Reserve, and Clearinghouse Activities" industry received a total of $244,861,474.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.

PPP recipients in this industry report an average of 8 employees, 97% lower than Zoot Enterprises Inc's reported 278 employees, and received an average PPP loan of $106,693, 98% lower than this company's loan of $5.01M.

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, and is published unmodified, as provided by the SBA.

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Footnotes & Information

1. 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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/zoot-enterprises-inc-bozeman-mt