PPP Loan Data — Flowers By Jr. Lou & T, LLC, Honolulu, HI
Flowers By Jr. Lou & T, LLC is a limited liability company (LLC) located at 2652 South King St. in Honolulu, Hawaii that received a Coronavirus-related PPP loan from the SBA of $25,395.00 in June, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Bank of Hawaii
Flowers By Jr. Lou & T, LLC in Honolulu, HI received a Paycheck Protection Loan of $25,395 through Bank of Hawaii, which was approved in June, 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, Flowers By Jr. Lou & T, LLC's 2019 payroll expenses are estimated to be at least $121,896.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $30,474 per employee1
Reported PPP Proceed Usage:
On the PPP application, Flowers By Jr. Lou & T, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,395
Business Information - Flowers By Jr. Lou & T, LLC in Honolulu, HI
2652 South King St.
Honolulu, HI 96826
NAICS code 453110
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Honolulu
In the Honolulu area, 5 businesses in the "Florists" industry received a PPP loan. These local businesses reported an average of 7 employees (compared to this company's 4) and received an average PPP loan of $53,898 (compared to this company's $25,395).
Similar Nearby Businesses Who Received PPP Funding:
The Hawaiian Lei Company LLC
Manyu Flowers, Inc
Hawaii Balloon Company Inc
Flowers For A Friend
Industry PPP Comparison Statistics
Nationwide, 14,164 businesses in the "Florists" industry received a total of $379.04M 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 Flowers By Jr. Lou & T, LLC's reported 4 employees, and received an average PPP loan of $26,761, 5% higher than this company's loan of $25,395.
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Footnotes & Information
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