PPP Loan Data — Larry's Sporting Goods, Nampa, ID
Larry's Sporting Goods
Location: Nampa, IDTweet This • Search All PPP Data
Larry's Sporting Goods is a corporation located at 704 2nd St S in Nampa, Idaho that received a Coronavirus-related PPP loan from the SBA of $24,900.00 in January, 2021.
The company has reported itself as a male owned business, and employed at least five people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:First Interstate Bank
Larry's Sporting Goods in Nampa, ID received a Paycheck Protection Loan of $24,900 through First Interstate Bank, which was approved in January, 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, Larry's Sporting Goods' 2019 payroll expenses are estimated to be at least $119,520.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $23,904 per employee1
Reported PPP Proceed Usage:
On the PPP application, Larry's Sporting Goods reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,900
Business Information - Larry's Sporting Goods in Nampa, ID
704 2nd St S
Nampa, ID 83651
Sporting and Recreational Goods and Supplies Merchant Wholesalers
NAICS code 423910
Business Owner Demographics
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 6,584 businesses in the "Sporting and Recreational Goods and Supplies Merchant Wholesalers" industry received a total of $632.92M 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 10 employees, 100% higher than Larry's Sporting Goods' reported 5 employees, and received an average PPP loan of $96,130, 286% higher than this company's loan of $24,900.
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Footnotes & Information
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