PPP Loan Data — Charlie & Clara LLC, Forest, MS
Charlie & Clara LLC is a limited liability company (LLC) located at 234 Woodland Dr N in Forest, Mississippi that received a Coronavirus-related PPP loan from the SBA of $25,270.00 in May, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Charlie & Clara LLC in Forest, MS received a Paycheck Protection Loan of $25,270 through BancorpSouth Bank, which was approved in May, 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 April, 2021.
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, Charlie & Clara LLC's 2019 payroll expenses are estimated to be at least $121,296.
Based on their reported 7 jobs retained, this equals an estimated average yearly compensation of $17,328 per employee1
Reported PPP Proceed Usage:
On the PPP application, Charlie & Clara LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,270
Business Information - Charlie & Clara LLC in Forest, MS
234 Woodland Dr N
Forest, MS 39074
Cosmetics, Beauty Supplies, and Perfume Stores
NAICS code 446120
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Forest
In the Forest area, 7 businesses in the "Cosmetics, Beauty Supplies, and Perfume Stores" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 7) and received an average PPP loan of $9,934 (compared to this company's $25,270).
Similar Nearby Businesses Who Received PPP Funding:
Jennifer Lynn Trammell
Industry PPP Comparison Statistics
Nationwide, 42,410 businesses in the "Cosmetics, Beauty Supplies, and Perfume Stores" industry received a total of $959.22M 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, 57% lower than Charlie & Clara LLC's reported 7 employees, and received an average PPP loan of $22,618, 10% lower than this company's loan of $25,270.
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Footnotes & Information
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