EAGLE SPECIALTY MATERIALS LLC

EAGLE SPECIALTY MATERIALS LLC received a PPP loan of $10,000,000 approved on Apr 11, 2020. The loan was originated by The Huntington National Bank.

EAGLE SPECIALTY MATERIALS LLC is a limited liability company(llc) located in GILLETTE, Wyoming. At the time of the application, the business was described as "new business or 2 years or less".

The business operates in the Nonmetallic Mineral Mining and Quarrying industry (NAICS 212393), part of the Mining, Quarrying, and Oil and Gas Extraction sector of the economy. The applicant reported 250 jobs as retained through this loan.

The SBA forgave $10,112,876.71 of this loan — 101.1% of the total approved amount, with forgiveness recorded on Jun 16, 2021. This means the borrower was not required to repay this portion, having satisfied the PPP's eligibility criteria for forgiveness, including maintaining payroll levels and using the funds for qualified expenses.

According to the SBA's records, the proceeds of this loan were allocated as follows: $10,000,000 to payroll. The payroll component represents 100.0% of disclosed proceeds, consistent with the program's requirement that at least 60% of loan funds be used for payroll costs to qualify for full forgiveness.

This loan is one of millions approved nationwide during the COVID-19 pandemic. To explore other recipients in Wyoming, visit the Wyoming page. To compare this loan with others in the same industry, see the Nonmetallic Mineral Mining and Quarrying industry page.