PPP Loan Data — Happy Days Learning Center, Lagrange, GA
Happy Days Learning Center is a limited liability company (LLC) located at 109 Bridgewood Drive in Lagrange, Georgia that received a Coronavirus-related PPP loan from the SBA of $25,465.00 in July, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Happy Days Learning Center in Lagrange, GA received a Paycheck Protection Loan of $25,465 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, Happy Days Learning Center's 2019 payroll expenses are estimated to be at least $122,232.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $24,446 per employee1
Reported PPP Proceed Usage:
On the PPP application, Happy Days Learning Center reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,465
Business Information - Happy Days Learning Center in Lagrange, GA
109 Bridgewood Drive
Lagrange, GA 30240
Child Day Care Services
NAICS code 624410
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Lagrange
In the Lagrange area, 97 businesses in the "Child Day Care Services" industry received a PPP loan. These local businesses reported an average of 3 employees (compared to this company's 5) and received an average PPP loan of $22,131 (compared to this company's $25,465).
Similar Nearby Businesses Who Received PPP Funding:
Erika Danelle Mosley
Mrs. Rhonda's Stay N Play
Susan's Early Learning, Center Inc
Helping Hands Daycare
Woodard & Woodard LLC
First Presbyterian Childcare, Inc
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, 60% higher than Happy Days Learning Center's reported 5 employees, and received an average PPP loan of $41,676, 64% higher than this company's loan of $25,465.
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Footnotes & Information
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