PPP Loan Data — Heritage Gate, LLC, Liberty, KY
Heritage Gate, LLC
Entity: Limited Liability Company (LLC)
Location: Liberty, KYTweet This • Search All PPP Data
Heritage Gate, LLC is a limited liability company (LLC) located at 3996 S. Us 127 in Liberty, Kentucky that received a Coronavirus-related PPP loan from the SBA of $25,381.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least six people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Heritage Gate, LLC in Liberty, KY received a Paycheck Protection Loan of $25,381 through Peoples Bank, which was approved in April, 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, Heritage Gate, LLC's 2019 payroll expenses are estimated to be at least $121,829.
Based on their reported 6 jobs retained, this equals an estimated average yearly compensation of $20,305 per employee1
Reported PPP Proceed Usage:
On the PPP application, Heritage Gate, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $19,036
- Utilities: $6,345
Business Information - Heritage Gate, LLC in Liberty, KY
3996 S. Us 127
Liberty, KY 42539
Ornamental and Architectural Metal Work Manufacturing
NAICS code 332323
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Liberty
In the Liberty area, 3 businesses in the "Ornamental and Architectural Metal Work Manufacturing" industry received a PPP loan. These local businesses reported an average of 8 employees (compared to this company's 6) and received an average PPP loan of $25,307 (compared to this company's $25,381).
Similar Nearby Businesses Who Received PPP Funding:
Johnson Gate Company Inc
Industry PPP Comparison Statistics
Nationwide, 2,117 businesses in the "Ornamental and Architectural Metal Work Manufacturing" industry received a total of $342.78M 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 14 employees, 133% higher than Heritage Gate, LLC's reported 6 employees, and received an average PPP loan of $161,918, 538% higher than this company's loan of $25,381.
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