PPP Loan Data — Foxglove Communications, LLC, Philadelphia, PA
Foxglove Communications, LLC is a limited liability company (LLC) located at 222 Race Street in Philadelphia, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $24,900.00 in August, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:MBE Capital Partners
Foxglove Communications, LLC in Philadelphia, PA received a Paycheck Protection Loan of $24,900 through MBE Capital Partners, which was approved in August, 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, Foxglove Communications, LLC's 2019 payroll expenses are estimated to be at least $119,520.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $29,880 per employee1
Reported PPP Proceed Usage:
On the PPP application, Foxglove Communications, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,900
Business Information - Foxglove Communications, LLC in Philadelphia, PA
222 Race Street
Philadelphia, PA 19106
Marketing Consulting Services
NAICS code 541613
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Philadelphia
In the Philadelphia area, 28 businesses in the "Marketing Consulting Services" industry received a PPP loan. These local businesses reported an average of 11 employees (compared to this company's 4) and received an average PPP loan of $160,881 (compared to this company's $24,900).
Similar Nearby Businesses Who Received PPP Funding:
Proquo Ai Inc
Foreman-Murray Digital LLC
Alexandra Go, LLC
Royal Marketing Group LLC
Majux Marketing LLC
Up Development Planning, LLC
PMV Agency LLC
Industry PPP Comparison Statistics
Nationwide, 86,997 businesses in the "Marketing Consulting Services" industry received a total of $3.45B 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 3 employees, 25% lower than Foxglove Communications, LLC's reported 4 employees, and received an average PPP loan of $39,652, 59% higher than this company's loan of $24,900.
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Footnotes & Information
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