PPP Loan Data — Four Footed Friends, Inc, Indiana, PA
Four Footed Friends, Inc is a non-profit organization located at 220 Beck Road in Indiana, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $25,035.00 in April, 2020.
The company has reported itself as a male owned non-profit, and employed at least nineteen people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:1st Summit Bank
Four Footed Friends, Inc in Indiana, PA received a Paycheck Protection Loan of $25,035 through 1st Summit Bank, 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, Four Footed Friends, Inc's 2019 payroll expenses are estimated to be at least $120,168.
Based on their reported 19 jobs retained, this equals an estimated average yearly compensation of $6,325 per employee1
Reported PPP Proceed Usage:
On the PPP application, Four Footed Friends, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,035
Business Information - Four Footed Friends, Inc in Indiana, PA
220 Beck Road
Indiana, PA 15701
Pet Care (except Veterinary) Services
NAICS code 812910
Business Owner Demographics
Gender: Male Owned
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Indiana
In the Indiana area, 5 businesses in the "Pet Care (except Veterinary) Services" industry received a PPP loan. These local businesses reported an average of 8 employees (compared to this company's 19) and received an average PPP loan of $14,837 (compared to this company's $25,035).
Similar Nearby Businesses Who Received PPP Funding:
Indiana County Humane Society
Baily's Pet Well - Being LLC
Anderson's Kennels Inc
Industry PPP Comparison Statistics
Nationwide, 32,185 businesses in the "Pet Care (except Veterinary) Services" industry received a total of $1.07B 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 6 employees, 68% lower than Four Footed Friends, Inc's reported 19 employees, and received an average PPP loan of $33,319, 33% higher than this company's loan of $25,035.
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Footnotes & Information
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