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PPP Loan Data — Lasalo Purcell, West Bountiful, UT

SBA PPP loan data, payroll data, and salaries for Lasalo Purcell
UT

Lasalo Purcell

Entity: Sole Proprietorship

Industry: Limited-Service Restaurants

Location: West Bountiful, UT

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Lasalo Purcell is a sole proprietorship located in West Bountiful, Utah that received a Coronavirus-related PPP loan from the SBA of $788.00 in March, 2021.

$ PPP Loan Information
Loan #2059878607

Loan Size:

$788

Jobs Retained:

1

Loan Approved:

2021-03-13

Loan Status:

Active Un-Disbursed

Lender:

Customers Bank
PPP Funds Undisbursed

Lasalo Purcell in West Bountiful, UT received a Paycheck Protection Loan of $788 through Customers Bank, which was approved in March, 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 $788 in approved PPP funding has not been disbursed. The loan's status was last updated by the SBA in March, 2021.


PPP Calculation Note: The total PPP loan an eligible business or individual can receive is based on 2.5 times their average monthly 2019 payroll expenses, capped at $100,000 annually per employee.

Reported PPP Proceed Usage:

On the PPP application, Lasalo Purcell reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $786
  • Utilities: $1

Business Information - Lasalo Purcell in West Bountiful, UT

Lasalo Purcell
West Bountiful, UT
* Full address is redacted to protect the privacy of individuals.

Business Industry:
Limited-Service Restaurants
NAICS code 722513

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Davis County, UT — SBA Office 0883 — Congressional District: UT-02

Similar Companies near West Bountiful

In the West Bountiful area, 14 businesses in the "Limited-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 85 employees (compared to this company's 1) and received an average PPP loan of $699,313 (compared to this company's $788).

Industry PPP Comparison Statistics

Nationwide, 127,949 businesses in the "Limited-Service Restaurants" industry received a total of $13.48B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 2% of the total PPP funding allocated.

PPP recipients in this industry report an average of 22 employees, 2100% higher than Lasalo Purcell's reported 1 employees, and received an average PPP loan of $105,388, 13274% higher than this company's loan of $788.

FederalPay's PPP Information Policy

Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan.

All information displayed on this page is publicly available information under PPP loan guidelines, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

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Footnotes & Information

1. Estimations for informational purposes only. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.

2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.


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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/lasalo-purcell-west-bountiful-ut