PPP Loan Data — Deidre Farrell, Louisville, CO
Deidre Farrell is a sole proprietorship located at 864 W. South Boulder Road in Louisville, Colorado that received a Coronavirus-related PPP loan from the SBA of $25,300.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Deidre Farrell in Louisville, CO received a Paycheck Protection Loan of $25,300 through Thrivent FCU, 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, Deidre Farrell's 2019 payroll expenses are estimated to be at least $121,440.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $60,720 per employee1
Reported PPP Proceed Usage:
On the PPP application, Deidre Farrell reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,300
Business Information - Deidre Farrell in Louisville, CO
864 W. South Boulder Road
Louisville, CO 80027
NAICS code 523930
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Louisville
In the Louisville area, 9 businesses in the "Investment Advice" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 2) and received an average PPP loan of $34,991 (compared to this company's $25,300).
Similar Nearby Businesses Who Received PPP Funding:
Varra Financial Associates
Opus Financial Solutions LLC
Jim B Peters, LLC
Ryan M Cook, LLC
Epiqwest Financial Corporation
Porterfield Financial LLC
Principium Investments, LLC
Industry PPP Comparison Statistics
Nationwide, 32,223 businesses in the "Investment Advice" industry received a total of $1.45B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 4 employees, 100% higher than Deidre Farrell's reported 2 employees, and received an average PPP loan of $44,994, 78% higher than this company's loan of $25,300.
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Footnotes & Information
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