PPP Loan Data — Lakeview Enterprises Inc, Fairbanks, AK
Lakeview Enterprises Inc is a subchapter s corporation located at 1000 Lakeview Terrace in Fairbanks, Alaska that received a Coronavirus-related PPP loan from the SBA of $45,952.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:First National Bank Alaska
Lakeview Enterprises Inc in Fairbanks, AK received a Paycheck Protection Loan of $45,952 through First National Bank Alaska, 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, Lakeview Enterprises Inc's 2019 payroll expenses are estimated to be at least $220,570.
Based on their reported 10 jobs retained, this equals an estimated average yearly compensation of $22,057 per employee1
Reported PPP Proceed Usage:
On the PPP application, Lakeview Enterprises Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $36,761
- Utilities: $1,200
- Mortgage Interest: $7,990
Business Information - Lakeview Enterprises Inc in Fairbanks, AK
1000 Lakeview Terrace
Fairbanks, AK 99701
Lessors of Residential Buildings and Dwellings
NAICS code 531110
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Fairbanks
In the Fairbanks area, 8 businesses in the "Lessors of Residential Buildings and Dwellings" industry received a PPP loan. These local businesses reported an average of 4 employees (compared to this company's 10) and received an average PPP loan of $35,164 (compared to this company's $45,952).
Similar Nearby Businesses Who Received PPP Funding:
Head Properties Inc
Great Horned LLC
Caribou Cottage Suites And Apartments
JG Properties LLC
Fairbanks Neighborhood Housing Services
Industry PPP Comparison Statistics
Nationwide, 28,867 businesses in the "Lessors of Residential Buildings and Dwellings" industry received a total of $2.03B 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 8 employees, 20% lower than Lakeview Enterprises Inc's reported 10 employees, and received an average PPP loan of $70,456, 53% higher than this company's loan of $45,952.
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Footnotes & Information
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