PPP Loan Data — DAD & Daughter Ventures LLC, Lafayette, LA
DAD & Daughter Ventures LLC is a limited liability company (LLC) located at 3001 Mills St in Lafayette, Louisiana that received a Coronavirus-related PPP loan from the SBA of $46,525.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Farmers-Merchants Bank & Trust Company
DAD & Daughter Ventures LLC in Lafayette, LA received a Paycheck Protection Loan of $46,525 through Farmers-Merchants Bank & Trust Company, 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, DAD & Daughter Ventures LLC's 2019 payroll expenses are estimated to be at least $223,320.
Based on their reported 24 jobs retained, this equals an estimated average yearly compensation of $9,305 per employee1
Reported PPP Proceed Usage:
On the PPP application, DAD & Daughter Ventures LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $38,371
- Utilities: $1,205
- Rent: $6,949
Business Information - DAD & Daughter Ventures LLC in Lafayette, LA
3001 Mills St
Lafayette, LA 70507
NAICS code 722513
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Lafayette
In the Lafayette area, 36 businesses in the "Limited-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 31 employees (compared to this company's 24) and received an average PPP loan of $202,967 (compared to this company's $46,525).
Similar Nearby Businesses Who Received PPP Funding:
LIL Ds Bar B Q LLC
Pn&A Foods Ambassador, LLC
SUB Landry LLC
DI Jerk Stop LLC
KD Seafood LLC
Blanchards BBQ LLC
Industry PPP Comparison Statistics
Nationwide, 137,629 businesses in the "Limited-Service Restaurants" industry received a total of $13.9B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 2% of the total PPP funding allocated.
PPP recipients in this industry report an average of 21 employees, 13% lower than DAD & Daughter Ventures LLC's reported 24 employees, and received an average PPP loan of $100,980, 117% higher than this company's loan of $46,525.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!