PPP Loan Data — Davenport Guns LLC, Davenport, IA
Davenport Guns LLC
Entity: Limited Liability Company (LLC)
Location: Davenport, IATweet This • Search All PPP Data
Davenport Guns LLC is a limited liability company (LLC) located at 3701 Mississippi Ave in Davenport, Iowa that received a Coronavirus-related PPP loan from the SBA of $47,013.00 in April, 2020.
The company has reported itself as a veteran owned business, and employed at least eight people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:First Midwest Bank
Davenport Guns LLC in Davenport, IA received a Paycheck Protection Loan of $47,013 through First Midwest Bank, which was approved in April, 2020.
This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.
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, Davenport Guns LLC's 2019 payroll expenses are estimated to be at least $225,662.
Based on their reported 8 jobs retained, this equals an estimated average yearly compensation of $28,208 per employee1
Reported PPP Proceed Usage:
On the PPP application, Davenport Guns LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $47,013
Business Information - Davenport Guns LLC in Davenport, IA
3701 Mississippi Ave
Davenport, IA 52807
All Other Miscellaneous Store Retailers (except Tobacco Stores)
NAICS code 453998
Business Owner Demographics
Veteran Status: Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Davenport
In the Davenport area, 28 businesses in the "All Other Miscellaneous Store Retailers (except Tobacco Stores)" industry received a PPP loan. These local businesses reported an average of 8 employees (compared to this company's 8) and received an average PPP loan of $86,944 (compared to this company's $47,013).
Similar Nearby Businesses Who Received PPP Funding:
Fireplace And BBQ Warehouse LLC
Bi-State Business Solutions Inc
Jaydes Vapor Lounge Inc
Industry PPP Comparison Statistics
Nationwide, 152,436 businesses in the "All Other Miscellaneous Store Retailers (except Tobacco Stores)" industry received a total of $5.23B 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 4 employees, 50% lower than Davenport Guns LLC's reported 8 employees, and received an average PPP loan of $34,329, 27% lower than this company's loan of $47,013.
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Footnotes & Information
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