PPP Loan Data — EFS South Broadway, LLC, Lexington, KY
EFS South Broadway, LLC is a limited liability company (LLC) located at 1813 Bahama Rd in Lexington, Kentucky that received a Coronavirus-related PPP loan from the SBA of $25,200.00 in July, 2020.
The company has reported itself as a male owned business, and employed at least four people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Central Bank & Trust Co.
EFS South Broadway, LLC in Lexington, KY received a Paycheck Protection Loan of $25,200 through Central Bank & Trust Co., which was approved in July, 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 March, 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, EFS South Broadway, LLC's 2019 payroll expenses are estimated to be at least $120,960.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $30,240 per employee1
Reported PPP Proceed Usage:
On the PPP application, EFS South Broadway, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,200
Business Information - EFS South Broadway, LLC in Lexington, KY
1813 Bahama Rd
Lexington, KY 40509
Gasoline Stations with Convenience Stores
NAICS code 447110
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Lexington
In the Lexington area, 16 businesses in the "Gasoline Stations with Convenience Stores" industry received a PPP loan. These local businesses reported an average of 5 employees (compared to this company's 4) and received an average PPP loan of $14,528 (compared to this company's $25,200).
Similar Nearby Businesses Who Received PPP Funding:
JAY Ambe Enterprises Inc
Platinum Food Mart 1, LLC
Progress Mini Market Inc
EZ Mart 2005 LLC
RB Petro Inc
Z Market 1 Inc
Industry PPP Comparison Statistics
Nationwide, 45,026 businesses in the "Gasoline Stations with Convenience Stores" industry received a total of $2.06B 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, 150% higher than EFS South Broadway, LLC's reported 4 employees, and received an average PPP loan of $45,821, 82% higher than this company's loan of $25,200.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!