PPP Loan Data — Irls, LLC, Liberty, TX
Irls, LLC is a limited liability company (LLC) located at 1909 Grand Ave in Liberty, Texas that received a Coronavirus-related PPP loan from the SBA of $25,083.00 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:Paid in Full or Forgiven
Lender:The First Liberty National Bank
Irls, LLC in Liberty, TX received a Paycheck Protection Loan of $25,083 through The First Liberty National 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 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, Irls, LLC's 2019 payroll expenses are estimated to be at least $120,398.
Based on their reported 6 jobs retained, this equals an estimated average yearly compensation of $20,066 per employee1
Reported PPP Proceed Usage:
On the PPP application, Irls, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,083
Business Information - Irls, LLC in Liberty, TX
1909 Grand Ave
Liberty, TX 77575
Pharmacies and Drug Stores
NAICS code 446110
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, 2 businesses in the "Pharmacies and Drug Stores" industry received a PPP loan. These local businesses reported an average of 12 employees (compared to this company's 6) and received an average PPP loan of $58,676 (compared to this company's $25,083).
Similar Nearby Businesses Who Received PPP Funding:
Casa Del Pueblo Meat Market 4 Inc
Industry PPP Comparison Statistics
Nationwide, 18,035 businesses in the "Pharmacies and Drug Stores" industry received a total of $1.7B 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 12 employees, 100% higher than Irls, LLC's reported 6 employees, and received an average PPP loan of $94,214, 276% higher than this company's loan of $25,083.
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Footnotes & Information
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