PPP Loan Data — Intellicents Of Pella, LLC, Pella, IA
Intellicents Of Pella, LLC is a limited liability company (LLC) located at 725 Main St in Pella, Iowa that received a Coronavirus-related PPP loan from the SBA of $46,198.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:U.S. Bank, National Association
Intellicents Of Pella, LLC in Pella, IA received a Paycheck Protection Loan of $46,198 through U.S. Bank, National Association, 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 May, 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, Intellicents Of Pella, LLC's 2019 payroll expenses are estimated to be at least $221,750.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $73,917 per employee1
Reported PPP Proceed Usage:
On the PPP application, Intellicents Of Pella, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,198
Business Information - Intellicents Of Pella, LLC in Pella, IA
725 Main St
Pella, IA 50219
NAICS code 523930
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Pella
In the Pella area, 4 businesses in the "Investment Advice" industry received a PPP loan. These local businesses reported an average of 3 employees (compared to this company's 3) and received an average PPP loan of $27,030 (compared to this company's $46,198).
Similar Nearby Businesses Who Received PPP Funding:
Wassenaar Financial Group Inc
Van Wyk Insurance And Financial Services, Inc
Matthew John Van Maanen
Industry PPP Comparison Statistics
Nationwide, 32,223 businesses in the "Investment Advice" industry received a total of $1.45B 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 4 employees, 33% higher than Intellicents Of Pella, LLC's reported 3 employees, and received an average PPP loan of $44,994, 3% lower than this company's loan of $46,198.
FederalPay's PPP Information Policy
Footnotes & Information
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