PPP Loan Data — Estevez Multi-Services, LLC, Greensboro, NC
Estevez Multi-Services, LLC
Entity: Limited Liability Company (LLC)
Location: Greensboro, NCTweet This • Search All PPP Data
Estevez Multi-Services, LLC is a limited liability company (LLC) located at 2804 Randleman Rd Ste K in Greensboro, North Carolina that received a Coronavirus-related PPP loan from the SBA of $24,950.00 in May, 2020.
The company has reported itself as a Black or african american female owned business, and employed at least six people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Bank of America, National Association
Estevez Multi-Services, LLC in Greensboro, NC received a Paycheck Protection Loan of $24,950 through Bank of America, National Association, which was approved in May, 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, Estevez Multi-Services, LLC's 2019 payroll expenses are estimated to be at least $119,760.
Based on their reported 6 jobs retained, this equals an estimated average yearly compensation of $19,960 per employee1
Reported PPP Proceed Usage:
On the PPP application, Estevez Multi-Services, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,950
Business Information - Estevez Multi-Services, LLC in Greensboro, NC
2804 Randleman Rd Ste K
Greensboro, NC 27406
Other Personal and Household Goods Repair and Maintenance
NAICS code 811490
Business Owner Demographics
Race: Black or African American
Ethnicity: Hispanic or Latino
Gender: Female Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Greensboro
In the Greensboro area, 12 businesses in the "Other Personal and Household Goods Repair and Maintenance" industry received a PPP loan. These local businesses reported an average of 3 employees (compared to this company's 6) and received an average PPP loan of $16,574 (compared to this company's $24,950).
Similar Nearby Businesses Who Received PPP Funding:
Grady Connor Jr
Romine Repair Service
Spring Repair Service Inc
Marks Tools LLC
Luxuries By Luck LLC
Ricki Garcia Rosas
Tailor By Design Inc
Industry PPP Comparison Statistics
Nationwide, 26,317 businesses in the "Other Personal and Household Goods Repair and Maintenance" industry received a total of $687.28M 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 3 employees, 50% lower than Estevez Multi-Services, LLC's reported 6 employees, and received an average PPP loan of $26,116, 5% higher than this company's loan of $24,950.
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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.
Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.
Footnotes & Information
1. Estimations for informational purposes only. 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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