PPP Loan Data — Flamingo Enterprises Inc, Lawrence, KS
Flamingo Enterprises Inc
Location: Lawrence, KSTweet This • Search All PPP Data
Flamingo Enterprises Inc is a corporation located at 501 N 9th in Lawrence, Kansas that received a Coronavirus-related PPP loan from the SBA of $25,437.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Great American Bank
Flamingo Enterprises Inc in Lawrence, KS received a Paycheck Protection Loan of $25,437 through Great American Bank, 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 February, 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, Flamingo Enterprises Inc's 2019 payroll expenses are estimated to be at least $122,098.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $40,699 per employee1
Reported PPP Proceed Usage:
On the PPP application, Flamingo Enterprises Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,437
Business Information - Flamingo Enterprises Inc in Lawrence, KS
501 N 9th
Lawrence, KS 66044
Other Foundation, Structure, and Building Exterior Contractors
NAICS code 238190
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 11,071 businesses in the "Other Foundation, Structure, and Building Exterior Contractors" industry received a total of $855.1M 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 7 employees, 133% higher than Flamingo Enterprises Inc's reported 3 employees, and received an average PPP loan of $77,238, 204% higher than this company's loan of $25,437.
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Footnotes & Information
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