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PPP Loan Data — Cuddly Bear Child Development Center, LLC, New Orleans, LA

SBA PPP loan data, payroll data, and salaries for Cuddly Bear Child Development Center, LLC
LA

Cuddly Bear Child Development Center, LLC

Entity: Limited Liability Company (LLC)

Industry: Elementary and Secondary Schools

Location: New Orleans, LA

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Cuddly Bear Child Development Center, LLC is a limited liability company (LLC) located at 3600 General Meyer Ave in New Orleans, Louisiana that received a Coronavirus-related PPP loan from the SBA of $37,500.00 in May, 2020.

$ PPP Loan Information

Loan Size:

$37,500

Jobs Retained:

11

Loan Approved:

2020-05-02

Lender:

GULF COAST BANK AND TRUST COMPANY

Cuddly Bear Child Development Center, LLC received a Paycheck Protection Loan of $37,500 through GULF COAST BANK AND TRUST COMPANY, which was approved in May, 2020.

2019 Payroll Estimations based On PPP Amount:

Assuming all employees were paid over the $100k eligibility cap, the minimum number of employees this company must have had in 2019 to qualify for the loan range received is 0.

Based on standard PPP eligibility rules, Cuddly Bear Child Development Center, LLC's total 2019 payroll expenses were approximately $180,000 in order to qualify for the PPP loan amount received.

Based on their reported 11 jobs retained, this equals an estimated average yearly compensation of $16,364 per employee1.

Business Information - Cuddly Bear Child Development Center, LLC in New Orleans, LA

Cuddly Bear Child Development Center, LLC
3600 General Meyer Ave
New Orleans, LA 70114

Business Industry

Elementary and Secondary Schools (NAICS code 611110)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: LA-02

Similar Companies near New Orleans

In the New Orleans area, 21 businesses in the "Elementary and Secondary Schools" industry received a PPP loan. These local businesses reported an average of 108 employees (compared to this company's 11) and received an average PPP loan of $1,219,106 (compared to this company's $37,500).

Industry PPP Comparison Statistics

Nationwide, 15,362 businesses in the "Elementary and Secondary Schools" industry received a total of $5,824,752,723.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 1% of the total PPP funding allocated.

PPP recipients in this industry report an average of 38 employees, 245% higher than Cuddly Bear Child Development Center, LLC's reported 11 employees, and received an average PPP loan of $379,166, 911% higher than this company's loan of $37,500.

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. 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/cuddly-bear-child-development-center-llc-new-orleans-la