PPP Loan Data — Lee & Hayley, LLC, Lexington, KY
Lee & Hayley, LLC is a limited liability company (LLC) located at 1456 Saddle Club Way in Lexington, Kentucky that received a Coronavirus-related PPP loan from the SBA of $46,600.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Central Bank & Trust Co.
Lee & Hayley, LLC in Lexington, KY received a Paycheck Protection Loan of $46,600 through Central Bank & Trust Co., 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 March, 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, Lee & Hayley, LLC's 2019 payroll expenses are estimated to be at least $223,680.
Based on their reported 8 jobs retained, this equals an estimated average yearly compensation of $27,960 per employee1
Reported PPP Proceed Usage:
On the PPP application, Lee & Hayley, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $38,000
- Utilities: $3,600
- Rent: $5,000
Business Information - Lee & Hayley, LLC in Lexington, KY
1456 Saddle Club Way
Lexington, KY 40504
Public Relations Agencies
NAICS code 541820
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Lexington
In the Lexington area, 2 businesses in the "Public Relations Agencies" industry received a PPP loan. These local businesses reported an average of 5 employees (compared to this company's 8) and received an average PPP loan of $33,700 (compared to this company's $46,600).
Similar Nearby Businesses Who Received PPP Funding:
Kentucky Coal Association
Industry PPP Comparison Statistics
Nationwide, 8,401 businesses in the "Public Relations Agencies" industry received a total of $610.15M 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 5 employees, 38% lower than Lee & Hayley, LLC's reported 8 employees, and received an average PPP loan of $72,628, 56% higher than this company's loan of $46,600.
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Footnotes & Information
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