PPP Loan Data — Heaton Enterprises, LLC, Bella Vista, AR
Heaton Enterprises, LLC is a limited liability company (LLC) located at 14 Brompton Ln in Bella Vista, Arkansas that received a Coronavirus-related PPP loan from the SBA of $25,255.00 in May, 2020.
The company has reported itself as a White female owned business, and employed at least five people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Heaton Enterprises, LLC in Bella Vista, AR received a Paycheck Protection Loan of $25,255 through Arvest Bank, 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 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, Heaton Enterprises, LLC's 2019 payroll expenses are estimated to be at least $121,224.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $24,245 per employee1
Reported PPP Proceed Usage:
On the PPP application, Heaton Enterprises, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,255
Business Information - Heaton Enterprises, LLC in Bella Vista, AR
14 Brompton Ln
Bella Vista, AR 72715
Pet Care (except Veterinary) Services
NAICS code 812910
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Female Owned
Veteran Status: Non-Veteran
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Bella Vista
In the Bella Vista area, 3 businesses in the "Pet Care (except Veterinary) Services" industry received a PPP loan. These local businesses reported an average of 11 employees (compared to this company's 5) and received an average PPP loan of $76,852 (compared to this company's $25,255).
Similar Nearby Businesses Who Received PPP Funding:
Bella Vista Animal Shelter, Inc
Bella Vista, AR
Leeth E. Harper DVM PA
Bella Vista, AR
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, 20% higher than Heaton Enterprises, LLC's reported 5 employees, and received an average PPP loan of $33,319, 32% higher than this company's loan of $25,255.
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Footnotes & Information
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