PPP Loan Data — Leigh Anne's Of Lancaster, LLC, Lancaster, SC
Leigh Anne's Of Lancaster, LLC is a corporation located at 200 N Catawba Street in Lancaster, South Carolina that received a Coronavirus-related PPP loan from the SBA of $46,000.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:First Palmetto Bank
Leigh Anne's Of Lancaster, LLC in Lancaster, SC received a Paycheck Protection Loan of $46,000 through First Palmetto 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 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, Leigh Anne's Of Lancaster, LLC's 2019 payroll expenses are estimated to be at least $220,800.
Based on their reported 17 jobs retained, this equals an estimated average yearly compensation of $12,988 per employee1
Reported PPP Proceed Usage:
On the PPP application, Leigh Anne's Of Lancaster, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $43,000
- Utilities: $3,000
Business Information - Leigh Anne's Of Lancaster, LLC in Lancaster, SC
200 N Catawba Street
Lancaster, SC 29720
NAICS code 722320
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: Y
Rural / Urban: Rural
Similar Companies near Lancaster
In the Lancaster area, 10 businesses in the "Caterers" industry received a PPP loan. These local businesses reported an average of 3 employees (compared to this company's 17) and received an average PPP loan of $16,113 (compared to this company's $46,000).
Similar Nearby Businesses Who Received PPP Funding:
Tacos Ole Inc
Industry PPP Comparison Statistics
Nationwide, 85,824 businesses in the "Caterers" industry received a total of $2.99B 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 4 employees, 76% lower than Leigh Anne's Of Lancaster, LLC's reported 17 employees, and received an average PPP loan of $34,853, 24% lower than this company's loan of $46,000.
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Footnotes & Information
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