PPP Loan Data — Laramie Street Liquors, Peoria, IL
Laramie Street Liquors is a corporation located at 1841 S Laramie St in Peoria, Illinois that received a Coronavirus-related PPP loan from the SBA of $25,355.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Laramie Street Liquors in Peoria, IL received a Paycheck Protection Loan of $25,355 through Quontic Bank, 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, Laramie Street Liquors' 2019 payroll expenses are estimated to be at least $121,704.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $40,568 per employee1
Reported PPP Proceed Usage:
On the PPP application, Laramie Street Liquors reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,355
Business Information - Laramie Street Liquors in Peoria, IL
1841 S Laramie St
Peoria, IL 61605
Beer, Wine, and Liquor Stores
NAICS code 445310
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Peoria
In the Peoria area, 9 businesses in the "Beer, Wine, and Liquor Stores" industry received a PPP loan. These local businesses reported an average of 4 employees (compared to this company's 3) and received an average PPP loan of $14,301 (compared to this company's $25,355).
Similar Nearby Businesses Who Received PPP Funding:
Main Street Liquors
Plank Road Liquor LLC
Farmington Food & Liquor Inc
West Peoria, IL
Hari 207 Corp
M. & R. Corporation Peoria
SRI Task Inc - Sae0545
Industry PPP Comparison Statistics
Nationwide, 19,110 businesses in the "Beer, Wine, and Liquor Stores" industry received a total of $604.2M 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, 100% higher than Laramie Street Liquors' reported 3 employees, and received an average PPP loan of $31,617, 25% higher than this company's loan of $25,355.
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Footnotes & Information
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