PPP Loan Data — Gods Little Creations Childcare Center LLC, Palatka, FL
Gods Little Creations Childcare Center LLC is a limited liability company (LLC) located at 405 Pine Street in Palatka, Florida that received a Coronavirus-related PPP loan from the SBA of $45,738.00 in July, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Gods Little Creations Childcare Center LLC in Palatka, FL received a Paycheck Protection Loan of $45,738 through Kabbage, Inc., which was approved in July, 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, Gods Little Creations Childcare Center LLC's 2019 payroll expenses are estimated to be at least $219,542.
Based on their reported 13 jobs retained, this equals an estimated average yearly compensation of $16,888 per employee1
Reported PPP Proceed Usage:
On the PPP application, Gods Little Creations Childcare Center LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $45,738
Business Information - Gods Little Creations Childcare Center LLC in Palatka, FL
405 Pine Street
Palatka, FL 32177
Child Day Care Services
NAICS code 624410
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Rural
Similar Companies near Palatka
In the Palatka area, 21 businesses in the "Child Day Care Services" industry received a PPP loan. These local businesses reported an average of 5 employees (compared to this company's 13) and received an average PPP loan of $23,360 (compared to this company's $45,738).
Similar Nearby Businesses Who Received PPP Funding:
A Safe Haven Academy LLC
D&G Childcare And Learning Center, Inc
Love Care Daycare Learning Center, LLC
Young Minds Learning Academy Inc
Ormond Beach, FL
Industry PPP Comparison Statistics
Nationwide, 132,794 businesses in the "Child Day Care Services" industry received a total of $5.53B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 8 employees, 38% lower than Gods Little Creations Childcare Center LLC's reported 13 employees, and received an average PPP loan of $41,676, 9% lower than this company's loan of $45,738.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!