PPP Loan Data — Leading Edge Enterprises LLC, Pearland, TX
Leading Edge Enterprises LLC is a limited liability company (LLC) located at 11601 Shadow Creek Pkwy #111 in Pearland, Texas that received a Coronavirus-related PPP loan from the SBA of $46,000.00 in April, 2020.
The company has reported itself as a female owned business, and employed at least seven people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Pearland State Bank
Leading Edge Enterprises LLC in Pearland, TX received a Paycheck Protection Loan of $46,000 through Pearland State Bank, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in June, 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, Leading Edge Enterprises LLC's 2019 payroll expenses are estimated to be at least $220,800.
Based on their reported 7 jobs retained, this equals an estimated average yearly compensation of $31,543 per employee1
Reported PPP Proceed Usage:
On the PPP application, Leading Edge Enterprises LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,000
Business Information - Leading Edge Enterprises LLC in Pearland, TX
11601 Shadow Creek Pkwy #111
Pearland, TX 77584
Private Mail Centers
NAICS code 561431
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Female Owned
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 1,987 businesses in the "Private Mail Centers" industry received a total of $76.31M 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, 14% lower than Leading Edge Enterprises LLC's reported 7 employees, and received an average PPP loan of $38,404, 17% lower than this company's loan of $46,000.
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Footnotes & Information
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