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PPP Loan Information — SHEBANIAH LLC

SBA PPP loan data, payroll data, and salaries for
AL

SHEBANIAH LLC

Business Type: Limited Liability Company(LLC)

Industry: Motion Picture and Video Production

Location: BIRMINGHAM, AL

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SHEBANIAH LLC is a limited liability company(llc) located in Birmingham, Alabama that received a Coronavirus-related PPP loan from the SBA of at least $1,000,000.00 in June, 2020.

PPP Loan Information

Loan Size:

$1M to $2M
Likely Actual Range:
$1M to $1.04M

Jobs Retained:

50

Loan Approved:

2020-06-27

Lender:

MBE Capital Partners

SHEBANIAH LLC received a Paycheck Protection Loan of between 1M and 2M through MBE Capital Partners, which was approved in June, 2020.

When accounting for 50 claimed employees and the PPP salary cap of $100k per employee, the actual maximum PPP received by this business is likely $1.04M2.

Based on standard PPP eligibility rules, SHEBANIAH LLC's total 2019 payroll expenses were between $4.8M and $5M+ in order to qualify for the PPP loan amount received. Based on their reported 50 jobs retained, this equals an estimated average yearly compensation between $96,000 and $100,000+ per employee1.

Business Information - SHEBANIAH LLC in BIRMINGHAM, AL

SHEBANIAH LLC
1448 Heron Drive , Birmingham, Al, 35214
BIRMINGHAM, AL 35214

Business Industry

Motion Picture and Video Production (NAICS code 512110)

Business Owner Demographics

Race / Ethnicity: Unanswered

Gender: Unanswered

Veteran Status: Unanswered

AL - 06


Employee Statistics

FederalPay's PPP Information Policy

Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for private companies that received a PPP loan of $150,000 or over. All information displayed on this page is publicly available information under PPP loan guidelines, and is published unmodified, as provided by the SBA.


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.

** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/2435-main-inc-redlands-ca