PPP Loan Data — Crazy About Cleaning, LLC, Bemidji, MN
Crazy About Cleaning, LLC is a limited liability company (LLC) located at 5825 Parkers Lake Rd Ne in Bemidji, Minnesota that received a Coronavirus-related PPP loan from the SBA of $45,900.00 in May, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Security Bank USA
Crazy About Cleaning, LLC in Bemidji, MN received a Paycheck Protection Loan of $45,900 through Security Bank USA, 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 January, 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, Crazy About Cleaning, LLC's 2019 payroll expenses are estimated to be at least $220,320.
Based on their reported 7 jobs retained, this equals an estimated average yearly compensation of $31,474 per employee1
Reported PPP Proceed Usage:
On the PPP application, Crazy About Cleaning, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $35,900
- Refinance EIDL: $10,000
Business Information - Crazy About Cleaning, LLC in Bemidji, MN
5825 Parkers Lake Rd Ne
Bemidji, MN 56601
NAICS code 561720
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Bemidji
In the Bemidji area, 7 businesses in the "Janitorial Services" industry received a PPP loan. These local businesses reported an average of 3 employees (compared to this company's 7) and received an average PPP loan of $15,245 (compared to this company's $45,900).
Similar Nearby Businesses Who Received PPP Funding:
Lindsey A. Drong
Sara Spicer Cleaning Service
Let's Clean House & Co. LLC
Industry PPP Comparison Statistics
Nationwide, 146,067 businesses in the "Janitorial Services" industry received a total of $4.43B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 5 employees, 29% lower than Crazy About Cleaning, LLC's reported 7 employees, and received an average PPP loan of $30,311, 34% lower than this company's loan of $45,900.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!