PPP Loan Data — Leigh Overland Archietect, LLC, Danbury, CT
Leigh Overland Archietect, LLC is a limited liability company (LLC) located at 235 Main St in Danbury, Connecticut that received a Coronavirus-related PPP loan from the SBA of $46,762.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:People's United Bank, National Association
Leigh Overland Archietect, LLC in Danbury, CT received a Paycheck Protection Loan of $46,762 through People's United Bank, National Association, 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 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, Leigh Overland Archietect, LLC's 2019 payroll expenses are estimated to be at least $224,458.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $74,819 per employee1
Reported PPP Proceed Usage:
On the PPP application, Leigh Overland Archietect, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,762
Business Information - Leigh Overland Archietect, LLC in Danbury, CT
235 Main St
Danbury, CT 6810
NAICS code 541310
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Danbury
In the Danbury area, 5 businesses in the "Architectural Services" industry received a PPP loan. These local businesses reported an average of 3 employees (compared to this company's 3) and received an average PPP loan of $54,173 (compared to this company's $46,762).
Similar Nearby Businesses Who Received PPP Funding:
AK Architectural Design Studio LLC
H & R Design, Inc
Industry PPP Comparison Statistics
Nationwide, 29,037 businesses in the "Architectural Services" industry received a total of $3.76B 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 8 employees, 167% higher than Leigh Overland Archietect, LLC's reported 3 employees, and received an average PPP loan of $129,489, 177% higher than this company's loan of $46,762.
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Footnotes & Information
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