PPP Loan Data — Happy Tails Pet Grooming, LLC, Clayton, NC
Happy Tails Pet Grooming, LLC is a subchapter s corporation located at 397 West Main Street in Clayton, North Carolina that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:United Community Bank
Happy Tails Pet Grooming, LLC in Clayton, NC received a Paycheck Protection Loan of $25,000 through United Community 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 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, Happy Tails Pet Grooming, LLC's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 6 jobs retained, this equals an estimated average yearly compensation of $20,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, Happy Tails Pet Grooming, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - Happy Tails Pet Grooming, LLC in Clayton, NC
397 West Main Street
Clayton, NC 27520
Pet Care (except Veterinary) Services
NAICS code 812910
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Clayton
In the Clayton area, 7 businesses in the "Pet Care (except Veterinary) Services" industry received a PPP loan. These local businesses reported an average of 4 employees (compared to this company's 6) and received an average PPP loan of $17,085 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
Jean Pier Domenico
Lucky Paws Inc
Curbside Cuties LLC
Industry PPP Comparison Statistics
Nationwide, 32,185 businesses in the "Pet Care (except Veterinary) Services" industry received a total of $1.07B 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 6 employees, the same amount reported by Happy Tails Pet Grooming, LLC and received an average PPP loan of $33,319, 33% higher than this company's loan of $25,000.
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Footnotes & Information
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