PPP Loan Data — Creative Learning Center, Helena, MT
Creative Learning Center is a sole proprietorship located at 1051 Enterprise Dr in Helena, Montana that received a Coronavirus-related PPP loan from the SBA of $46,600.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Bank of the Rockies
Creative Learning Center in Helena, MT received a Paycheck Protection Loan of $46,600 through Bank of the Rockies, 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 February, 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, Creative Learning Center's 2019 payroll expenses are estimated to be at least $223,680.
Based on their reported 14 jobs retained, this equals an estimated average yearly compensation of $15,977 per employee1
Reported PPP Proceed Usage:
On the PPP application, Creative Learning Center reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,600
Business Information - Creative Learning Center in Helena, MT
1051 Enterprise Dr
Helena, MT 59601
Child Day Care Services
NAICS code 624410
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Helena
In the Helena area, 37 businesses in the "Child Day Care Services" industry received a PPP loan. These local businesses reported an average of 6 employees (compared to this company's 14) and received an average PPP loan of $26,722 (compared to this company's $46,600).
Similar Nearby Businesses Who Received PPP Funding:
Auntie's Childcare And Preschool LLC
Ohana Daycare & Preschool LLC
3R's Preschool And Daycare LLC
Little Sprouts Childcare & Preschool LLC
Best Buddys Forever
Creative Horizons Learning Center Inc
Industry PPP Comparison Statistics
Nationwide, 132,794 businesses in the "Child Day Care Services" industry received a total of $5.53B 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 8 employees, 43% lower than Creative Learning Center's reported 14 employees, and received an average PPP loan of $41,676, 11% lower than this company's loan of $46,600.
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Footnotes & Information
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