PPP Loan Data — Floors-4-U, LLC, Killeen, TX
Floors-4-U, LLC is a limited liability company (LLC) located at 2800 E. Veterans Memorial Blvd in Killeen, Texas that received a Coronavirus-related PPP loan from the SBA of $25,115.00 in April, 2020.
The company has reported itself as a female 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:Liberty Bank and Trust Company
Floors-4-U, LLC in Killeen, TX received a Paycheck Protection Loan of $25,115 through Liberty Bank and Trust Company, 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 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, Floors-4-U, LLC's 2019 payroll expenses are estimated to be at least $120,552.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $30,138 per employee1
Reported PPP Proceed Usage:
On the PPP application, Floors-4-U, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,115
Business Information - Floors-4-U, LLC in Killeen, TX
2800 E. Veterans Memorial Blvd
Killeen, TX 76543
NAICS code 238330
Business Owner Demographics
Gender: Female Owned
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Killeen
In the Killeen area, 10 businesses in the "Flooring Contractors" industry received a PPP loan. These local businesses reported an average of 1 employees (compared to this company's 4) and received an average PPP loan of $17,994 (compared to this company's $25,115).
Similar Nearby Businesses Who Received PPP Funding:
S G Carpet & Remodeling
Industry PPP Comparison Statistics
Nationwide, 28,132 businesses in the "Flooring Contractors" industry received a total of $1.48B 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 5 employees, 25% higher than Floors-4-U, LLC's reported 4 employees, and received an average PPP loan of $52,734, 110% higher than this company's loan of $25,115.
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Footnotes & Information
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