PPP Loan Data — Gopi LLC, Burlington, KY
Gopi LLC is a limited liability company (LLC) located at 5991 Carlton Dr in Burlington, Kentucky that received a Coronavirus-related PPP loan from the SBA of $25,097.00 in May, 2020.
The company has reported itself as an Asian owned business, and employed at least four people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:U.S. Bank, National Association
Gopi LLC in Burlington, KY received a Paycheck Protection Loan of $25,097 through U.S. Bank, National Association, which was approved in May, 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 January, 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, Gopi LLC's 2019 payroll expenses are estimated to be at least $120,466.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $30,117 per employee1
Reported PPP Proceed Usage:
On the PPP application, Gopi LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,097
Business Information - Gopi LLC in Burlington, KY
5991 Carlton Dr
Burlington, KY 41005
NAICS code 999990
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Burlington
In the Burlington area, 3 businesses in the "Unclassified Establishments" industry received a PPP loan. These local businesses reported an average of 22 employees (compared to this company's 4) and received an average PPP loan of $104,603 (compared to this company's $25,097).
Similar Nearby Businesses Who Received PPP Funding:
Dunamis Enterprise, LLC
Industry PPP Comparison Statistics
Nationwide, 85,647 businesses in the "Unclassified Establishments" industry received a total of $3.67B 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 10 employees, 150% higher than Gopi LLC's reported 4 employees, and received an average PPP loan of $42,878, 71% higher than this company's loan of $25,097.
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Footnotes & Information
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