PPP Loan Data — Floral Senior Ldg, LP, Louisville, KY
Floral Senior Ldg, LP is a limited liability company (LLC) located at 1469 South Fourth Street in Louisville, Kentucky that received a Coronavirus-related PPP loan from the SBA of $24,900.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least two people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Evansville Teachers FCU
Floral Senior Ldg, LP in Louisville, KY received a Paycheck Protection Loan of $24,900 through Evansville Teachers FCU, 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, Floral Senior Ldg, LP's 2019 payroll expenses are estimated to be at least $119,520.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $59,760 per employee1
Reported PPP Proceed Usage:
On the PPP application, Floral Senior Ldg, LP reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $19,920
- Mortgage Interest: $4,980
Business Information - Floral Senior Ldg, LP in Louisville, KY
1469 South Fourth Street
Louisville, KY 40208
Lessors of Residential Buildings and Dwellings
NAICS code 531110
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: Y
Rural / Urban: Urban
Similar Companies near Louisville
In the Louisville area, 24 businesses in the "Lessors of Residential Buildings and Dwellings" industry received a PPP loan. These local businesses reported an average of 6 employees (compared to this company's 2) and received an average PPP loan of $36,837 (compared to this company's $24,900).
Similar Nearby Businesses Who Received PPP Funding:
LDG Newport Village LP
John Hoagland Jr
Magnolia Aesthetics Of Louisville, PLLC
Farish Apartments, LLC
Commonwealth, RX LLC
Villages Of Hikes Point, LLC
Irish Hill, LLC
Industry PPP Comparison Statistics
Nationwide, 28,867 businesses in the "Lessors of Residential Buildings and Dwellings" industry received a total of $2.03B 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 8 employees, 300% higher than Floral Senior Ldg, LP's reported 2 employees, and received an average PPP loan of $70,456, 183% higher than this company's loan of $24,900.
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