PPP Loan Data — Builder's Design Gallery LLC, Wichita, KS
Builder's Design Gallery LLC is a limited liability company (LLC) located at 5838 W 21st St N in Wichita, Kansas that received a Coronavirus-related PPP loan from the SBA of $46,700.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Builder's Design Gallery LLC in Wichita, KS received a Paycheck Protection Loan of $46,700 through Emprise Bank, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in December, 2020.
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, Builder's Design Gallery LLC's 2019 payroll expenses are estimated to be at least $224,160.
Based on their reported 6 jobs retained, this equals an estimated average yearly compensation of $37,360 per employee1
Reported PPP Proceed Usage:
On the PPP application, Builder's Design Gallery LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,700
Business Information - Builder's Design Gallery LLC in Wichita, KS
5838 W 21st St N
Wichita, KS 67205
Interior Design Services
NAICS code 541410
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Wichita
In the Wichita area, 11 businesses in the "Interior Design Services" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 6) and received an average PPP loan of $15,665 (compared to this company's $46,700).
Similar Nearby Businesses Who Received PPP Funding:
Courtney Patton Interiors LLC
Herlocker Interiors LLC
Mary L Oliver
Kitchens Wow Inc
Industry PPP Comparison Statistics
Nationwide, 29,847 businesses in the "Interior Design Services" industry received a total of $1.03B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 3 employees, 50% lower than Builder's Design Gallery LLC's reported 6 employees, and received an average PPP loan of $34,371, 26% lower than this company's loan of $46,700.
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Footnotes & Information
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