PPP Loan Data — Gradzilla, Las Cruces, NM
Gradzilla is a sole proprietorship located at 940 Valley Dr in Las Cruces, New Mexico that received a Coronavirus-related PPP loan from the SBA of $25,007.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Western Heritage Bank
Gradzilla in Las Cruces, NM received a Paycheck Protection Loan of $25,007 through Western Heritage Bank, which was approved in April, 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 March, 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, Gradzilla's 2019 payroll expenses are estimated to be at least $120,034.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $40,011 per employee1
Reported PPP Proceed Usage:
On the PPP application, Gradzilla reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,007
Business Information - Gradzilla in Las Cruces, NM
940 Valley Dr
Las Cruces, NM 88005
Photography Studios, Portrait
NAICS code 541921
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Las Cruces
In the Las Cruces area, 5 businesses in the "Photography Studios, Portrait" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 3) and received an average PPP loan of $8,323 (compared to this company's $25,007).
Similar Nearby Businesses Who Received PPP Funding:
Coats Creative Photography, LLC
Las Cruces, NM
Las Cruces, NM
Industry PPP Comparison Statistics
Nationwide, 37,991 businesses in the "Photography Studios, Portrait" industry received a total of $597.82M 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 2 employees, 33% lower than Gradzilla's reported 3 employees, and received an average PPP loan of $15,736, 37% lower than this company's loan of $25,007.
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Footnotes & Information
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