PPP Loan Data — Kristionna Morse, Milwaukee, WI
Entity: Sole Proprietorship
Location: Milwaukee, WITweet This • Search All PPP Data
Kristionna Morse is a sole proprietorship located in Milwaukee, Wisconsin that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in January, 2021.
PPP Loan Information
Loan Status:Active Un-Disbursed
Lender:Newtek Small Business Finance, Inc.
Kristionna Morse in Milwaukee, WI received a Paycheck Protection Loan of $25,000 through Newtek Small Business Finance, Inc., which was approved in January, 2021.
While this loan has been approved by the Small Business Administration, the lender has not reported to the SBA that the loan funds were disbursed to the borrower. According to SBA records, a total of $25,000 in approved PPP funding has not been disbursed. The loan's status was last updated by the SBA in January, 2021.The size of company's PPP loan indicates that the number of employees on payroll during the eligibility calculation period (typically 2019) was higher than the 1 jobs reported as retained on the PPP application3. This could be caused by a reduction in employment since 2019, due to Coronavirus or other factors.
The minimum number of employees this company must have had in 2019 to qualify for the loan range received is 1. This estimation is accurate if all employees were paid at or over the $100k PPP salary eligibility cap.
Reported PPP Proceed Usage:
On the PPP application, Kristionna Morse reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,999
Business Information - Kristionna Morse in Milwaukee, WI
* Full address is redacted to protect the privacy of individuals.
All Other Miscellaneous Store Retailers (except Tobacco Stores)
NAICS code 453998
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Milwaukee
In the Milwaukee area, 41 businesses in the "All Other Miscellaneous Store Retailers (except Tobacco Stores)" industry received a PPP loan. These local businesses reported an average of 3 employees (compared to this company's 1) and received an average PPP loan of $21,328 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
Winkie's Gifts, Inc
Whitefish Bay, WI
Atypic Gallery Inc
Whitefish Bay, WI
Franklin Heights Food Mart LLC
Industry PPP Comparison Statistics
Nationwide, 152,436 businesses in the "All Other Miscellaneous Store Retailers (except Tobacco Stores)" industry received a total of $5.23B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 4 employees, 300% higher than Kristionna Morse's reported 1 employees, and received an average PPP loan of $34,329, 37% higher than this company's loan of $25,000.
FederalPay's PPP Information Policy
Footnotes & Information
3. Since the PPP eligibility will include a maximum of $100k in salary expenses for each employee in the qualifying period, the minimum number of employees required to be eligible for a given PPP loan amount can be calculated by the following equation: ((LOAN AMOUNT/2.5 months) * 12 months) / 100k max salary. If a company reports fewer employees than this amount on their PPP application, it is likely because they had more employees on payroll during the qualifying period.
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