PPP Loan Data — Driftboat Ventures, LLC, Louisville, KY
Driftboat Ventures, LLC
Entity: Limited Liability Company (LLC)
Location: Louisville, KYTweet This • Search All PPP Data
Driftboat Ventures, LLC is a limited liability company (LLC) located at 2714 Frankfort Ave in Louisville, Kentucky that received a Coronavirus-related PPP loan from the SBA of $1,726,000.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least 103 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Stock Yards Bank & Trust Company
Driftboat Ventures, LLC in Louisville, KY received a Paycheck Protection Loan of $1.73M through Stock Yards 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 May, 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, Driftboat Ventures, LLC's 2019 payroll expenses are estimated to be at least $8.28M.
Based on their reported 103 jobs retained, this equals an estimated average yearly compensation of $80,435 per employee1
Reported PPP Proceed Usage:
On the PPP application, Driftboat Ventures, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,726,000
Business Information - Driftboat Ventures, LLC in Louisville, KY
2714 Frankfort Ave
Louisville, KY 40206
Lessors of Nonresidential Buildings (except Miniwarehouses)
NAICS code 531120
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
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, 18 businesses in the "Lessors of Nonresidential Buildings (except Miniwarehouses)" industry received a PPP loan. These local businesses reported an average of 10 employees (compared to this company's 103) and received an average PPP loan of $135,564 (compared to this company's $1.73M).
Similar Nearby Businesses Who Received PPP Funding:
Seay Properties LLC
Breeland Development Corporation
Only Epic Holdings Inc
TPM Enterprises Inc
RWM Legacy Holdings Company
Dmsr Properties LLC
Karp And Koby, LLC
Industry PPP Comparison Statistics
Nationwide, 19,255 businesses in the "Lessors of Nonresidential Buildings (except Miniwarehouses)" industry received a total of $1.72B 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 10 employees, 90% lower than Driftboat Ventures, LLC's reported 103 employees, and received an average PPP loan of $89,367, 95% lower than this company's loan of $1.73M.
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