PPP Loan Data — Leadership By Design LLC, Midlothian, VA
Leadership By Design LLC is a corporation located at 15871 City View Drive Suite 200 in Midlothian, Virginia that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in August, 2020.
The company has reported itself as a female owned business, and employed at least two people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Fulton Bank, National Association
Leadership By Design LLC in Midlothian, VA received a Paycheck Protection Loan of $25,000 through Fulton Bank, National Association, which was approved in August, 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, Leadership By Design LLC's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $60,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, Leadership By Design LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $18,750
- Utilities: $6,250
Business Information - Leadership By Design LLC in Midlothian, VA
15871 City View Drive Suite 200
Midlothian, VA 23113
All Other Personal Services
NAICS code 812990
Business Owner Demographics
Gender: Female Owned
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Midlothian
In the Midlothian area, 47 businesses in the "All Other Personal Services" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 2) and received an average PPP loan of $15,864 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
The Nimble Thimble
Original Building Service, Inc
Super Suds Car Wash Inc
Brousseau Events LLC
Industry PPP Comparison Statistics
Nationwide, 237,729 businesses in the "All Other Personal Services" industry received a total of $5.63B in PPP loans. These businesses account for 2% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 3 employees, 50% higher than Leadership By Design LLC's reported 2 employees, and received an average PPP loan of $23,676, 5% lower than this company's loan of $25,000.
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Footnotes & Information
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