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PPP Loan Data — Early Girl LLC, Asheville, NC

SBA PPP loan data, payroll data, and salaries for Early Girl LLC
NC

Early Girl LLC

Entity: Limited Liability Company (LLC)

Industry: Full-Service Restaurants

Location: Asheville, NC

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Early Girl LLC is a limited liability company (LLC) located at 8 Wall St in Asheville, North Carolina that received a Coronavirus-related PPP loan from the SBA of $309,107.00 in April, 2020.

The company has reported itself as a female owned business, and employed at least 78 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$309,107

Jobs Retained:

78

Loan Approved:

2020-04-29

Lender:

FIRST HORIZON BANK

Early Girl LLC in Asheville, NC received a Paycheck Protection Loan of $309,107 through FIRST HORIZON BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Early Girl LLC's total 2019 payroll expenses were approximately $1.48M in order to qualify for the PPP loan amount received.

Based on their reported 78 jobs retained, this equals an estimated average yearly compensation of $19,022 per employee1.

Business Information - Early Girl LLC in Asheville, NC

Early Girl LLC
8 Wall St
Asheville, NC 28801

Business Industry

Full-Service Restaurants (NAICS code 722511)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: FEMALE OWNED

Veteran Status: NON-VETERAN

Congressional District: NC-10

Similar Companies near Asheville

In the Asheville area, 70 businesses in the "Full-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 21 employees (compared to this company's 78) and received an average PPP loan of $149,332 (compared to this company's $309,107).

Industry PPP Comparison Statistics

Nationwide, 175,054 businesses in the "Full-Service Restaurants" industry received a total of $20,426,260,320.00 in PPP loans. These businesses account for 3% of total PPP applications submitted, and received 4% of the total PPP funding allocated.

PPP recipients in this industry report an average of 20 employees, 74% lower than Early Girl LLC's reported 78 employees, and received an average PPP loan of $116,685, 62% lower than this company's loan of $309,107.

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, and is published unmodified, as provided by the SBA.

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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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Source: www.federalpay.org/paycheck-protection-program/early-girl-llc-asheville-nc