PPP Loan Data — Legacy Decor, Anaheim, CA
Legacy Decor is a corporation located at 1201 E Ball Rd Ste X in Anaheim, California that received a Coronavirus-related PPP loan from the SBA of $47,165.00 in May, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Bank of America, National Association
Legacy Decor in Anaheim, CA received a Paycheck Protection Loan of $47,165 through Bank of America, National Association, which was approved in May, 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 April, 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, Legacy Decor's 2019 payroll expenses are estimated to be at least $226,392.
Based on their reported 8 jobs retained, this equals an estimated average yearly compensation of $28,299 per employee1
Reported PPP Proceed Usage:
On the PPP application, Legacy Decor reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $47,165
Business Information - Legacy Decor in Anaheim, CA
1201 E Ball Rd Ste X
Anaheim, CA 92805
Interior Design Services
NAICS code 541410
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Anaheim
In the Anaheim area, 15 businesses in the "Interior Design Services" industry received a PPP loan. These local businesses reported an average of 3 employees (compared to this company's 8) and received an average PPP loan of $34,800 (compared to this company's $47,165).
Similar Nearby Businesses Who Received PPP Funding:
The Venue Of Scottsdale Inc
Ethnic Essence Inc
Interiors By Kc Inc
Davood David Rabie
Full Blown Events, Inc
Industry PPP Comparison Statistics
Nationwide, 29,847 businesses in the "Interior Design Services" industry received a total of $1.03B 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 3 employees, 63% lower than Legacy Decor's reported 8 employees, and received an average PPP loan of $34,371, 27% lower than this company's loan of $47,165.
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Footnotes & Information
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