PPP Loan Data — K And R Memorial Properties LLC, Little Rock, AR
K And R Memorial Properties LLC is a limited liability company (LLC) located at 13401 Saddle Hill Dr in Little Rock, Arkansas that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in May, 2020.
The company has reported itself as a White male owned business, and employed at least two people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:First Security Bank
K And R Memorial Properties LLC in Little Rock, AR received a Paycheck Protection Loan of $25,000 through First Security Bank, which was approved in May, 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, K And R Memorial Properties LLC's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $60,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, K And R Memorial Properties LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - K And R Memorial Properties LLC in Little Rock, AR
13401 Saddle Hill Dr
Little Rock, AR 72212
Lessors of Miniwarehouses and Self-Storage Units
NAICS code 531130
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Unreported
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 4,655 businesses in the "Lessors of Miniwarehouses and Self-Storage Units" industry received a total of $194.63M 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, 200% higher than K And R Memorial Properties LLC's reported 2 employees, and received an average PPP loan of $41,810, 67% higher than this company's loan of $25,000.
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Footnotes & Information
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