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

PPP Loan Data — Brister LLC, Horn Lake, MS

ALERT: There are 2 PPP loans for a total of $92,708 in our database for businesses with the name "Brister LLC" in Horn Lake, MS. 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 Brister LLC
MS

Brister LLC

Entity: Limited Liability Company (LLC)

Industry: Offices of Real Estate Agents and Brokers

Location: Horn Lake, MS

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Brister LLC is a limited liability company (LLC) located at 985 Goodman Rd W in Horn Lake, Mississippi that received a Coronavirus-related PPP loan from the SBA of $46,875.00 in April, 2021.

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

$ PPP Loan Information
Loan #5023218708

Loan Size:

$46,875

Jobs Retained:

4

Loan Approved:

2021-04-02

Loan Status:

Ongoing Loan

Lender:

Loan Source Incorporated

Brister LLC in Horn Lake, MS received a Paycheck Protection Loan of $46,875 through Loan Source Incorporated, which was approved in April, 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, Brister LLC's 2019 payroll expenses are estimated to be at least $225,000.

Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $56,250 per employee1

Reported PPP Proceed Usage:

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

  • Payroll: $46,875

Business Information - Brister LLC in Horn Lake, MS

Brister LLC
985 Goodman Rd W
Horn Lake, MS 38637

Business Industry:
Offices of Real Estate Agents and Brokers
NAICS code 531210

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Male Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: Y

HUBZone: N

Rural / Urban: Urban

Desoto County, MS — SBA Office 0470 — Congressional District: MS-01

Similar Companies near Horn Lake

In the Horn Lake area, 13 businesses in the "Offices of Real Estate Agents and Brokers" industry received a PPP loan. These local businesses reported an average of 3 employees (compared to this company's 4) and received an average PPP loan of $33,434 (compared to this company's $46,875).

Industry PPP Comparison Statistics

Nationwide, 255,794 businesses in the "Offices of Real Estate Agents and Brokers" industry received a total of $5.75B in PPP loans. These businesses account for 2% of total PPP applications submitted, and received 1% of the total PPP funding allocated.

PPP recipients in this industry report an average of 2 employees, 50% lower than Brister LLC's reported 4 employees, and received an average PPP loan of $22,469, 52% lower than this company's loan of $46,875.

SBA PPP loan data, payroll data, and salaries for Brister LLC
MS

Brister LLC

Entity: Limited Liability Company (LLC)

Industry: Offices of Real Estate Agents and Brokers

Location: Horn Lake, MS

Search All PPP Data

Brister LLC is a limited liability company (LLC) located at 985 W Goodman Rd in Horn Lake, Mississippi that received a Coronavirus-related PPP loan from the SBA of $45,833.00 in April, 2020.

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

$ PPP Loan Information
Loan #1281927206

Loan Size:

$45,833

Jobs Retained:

4

Loan Approved:

2020-04-15

Loan Status:

Ongoing Loan

Lender:

Loan Source Incorporated

Brister LLC in Horn Lake, MS received a Paycheck Protection Loan of $45,833 through Loan Source Incorporated, 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, Brister LLC's 2019 payroll expenses are estimated to be at least $219,998.

Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $55,000 per employee1

Reported PPP Proceed Usage:

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

  • Payroll: $45,833

Business Information - Brister LLC in Horn Lake, MS

Brister LLC
985 W Goodman Rd
Horn Lake, MS 38637

Business Industry:
Offices of Real Estate Agents and Brokers
NAICS code 531210

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Male Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age: New Business or 2 years or less

LMI Zone: Y

HUBZone: N

Rural / Urban: Urban

Desoto County, MS — SBA Office 0470 — Congressional District: MS-01

Similar Companies near Horn Lake

In the Horn Lake area, 13 businesses in the "Offices of Real Estate Agents and Brokers" industry received a PPP loan. These local businesses reported an average of 3 employees (compared to this company's 4) and received an average PPP loan of $33,434 (compared to this company's $45,833).

Industry PPP Comparison Statistics

Nationwide, 255,794 businesses in the "Offices of Real Estate Agents and Brokers" industry received a total of $5.75B in PPP loans. These businesses account for 2% of total PPP applications submitted, and received 1% of the total PPP funding allocated.

PPP recipients in this industry report an average of 2 employees, 50% lower than Brister LLC's reported 4 employees, and received an average PPP loan of $22,469, 51% lower than this company's loan of $45,833.

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.

Search FederalPay's Full PPP Loan Database

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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/brister-llc-horn-lake-ms