PPP Loan Data — B&Q Associates, LLC, Houma, LA
B&Q Associates, LLC is a limited liability company (LLC) located at 109 Nottingham Trl in Houma, Louisiana that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:South Louisiana Bank
B&Q Associates, LLC in Houma, LA received a Paycheck Protection Loan of $25,000 through South Louisiana 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
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, B&Q Associates, LLC's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 12 jobs retained, this equals an estimated average yearly compensation of $10,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, B&Q Associates, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $20,000
- Debt Interest: $5,000
Business Information - B&Q Associates, LLC in Houma, LA
109 Nottingham Trl
Houma, LA 70360
NAICS code 722513
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Houma
In the Houma area, 30 businesses in the "Limited-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 15 employees (compared to this company's 12) and received an average PPP loan of $44,857 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
Houma Ham Co. LLC
Mom's Also LLC
Bayou Culinary, LLC
Lafayette Ham Co LLC
Burke Houma Wings, LLC
Frostop Of Houma Inc
RCD Investments Of Louisiana LLC
RCD Investments, LLC
Industry PPP Comparison Statistics
Nationwide, 137,629 businesses in the "Limited-Service Restaurants" industry received a total of $13.9B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 2% of the total PPP funding allocated.
PPP recipients in this industry report an average of 21 employees, 75% higher than B&Q Associates, LLC's reported 12 employees, and received an average PPP loan of $100,980, 304% higher than this company's loan of $25,000.
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Footnotes & Information
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