PPP Loan Data — Eyes, Ears, Nose And Paws, Inc, Chapel Hill, NC
Eyes, Ears, Nose And Paws, Inc is a professional association located at 308 W. Rosemary St Ste 304 in Chapel Hill, North Carolina that received a Coronavirus-related PPP loan from the SBA of $45,900.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Truist Bank d/b/a Branch Banking & Trust Co
Eyes, Ears, Nose And Paws, Inc in Chapel Hill, NC received a Paycheck Protection Loan of $45,900 through Truist Bank d/b/a Branch Banking & Trust Co, which was approved in April, 2020.
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, Eyes, Ears, Nose And Paws, Inc's 2019 payroll expenses are estimated to be at least $220,320.
Based on their reported 6 jobs retained, this equals an estimated average yearly compensation of $36,720 per employee1
Reported PPP Proceed Usage:
On the PPP application, Eyes, Ears, Nose And Paws, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $45,900
Business Information - Eyes, Ears, Nose And Paws, Inc in Chapel Hill, NC
308 W. Rosemary St Ste 304
Chapel Hill, NC 27516
Support Activities for Animal Production
NAICS code 115210
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Chapel Hill
In the Chapel Hill area, 2 businesses in the "Support Activities for Animal Production" industry received a PPP loan. These local businesses reported an average of 4 employees (compared to this company's 6) and received an average PPP loan of $27,600 (compared to this company's $45,900).
Similar Nearby Businesses Who Received PPP Funding:
North Star Training Center, Inc
Chapel Hill, NC
Industry PPP Comparison Statistics
Nationwide, 9,151 businesses in the "Support Activities for Animal Production" industry received a total of $283.4M 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, 33% lower than Eyes, Ears, Nose And Paws, Inc's reported 6 employees, and received an average PPP loan of $30,970, 33% lower than this company's loan of $45,900.
FederalPay's PPP Information Policy
Footnotes & Information
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