PPP Loan Data — Leonhardt Beverages LLC, Montpelier, ID
Leonhardt Beverages LLC is a limited liability company (LLC) located at 1215 Ethel Avenue in Montpelier, Idaho that received a Coronavirus-related PPP loan from the SBA of $24,807.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least ten people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Leonhardt Beverages LLC in Montpelier, ID received a Paycheck Protection Loan of $24,807 through Ireland 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 December, 2020.
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, Leonhardt Beverages LLC's 2019 payroll expenses are estimated to be at least $119,074.
Based on their reported 10 jobs retained, this equals an estimated average yearly compensation of $11,907 per employee1
Reported PPP Proceed Usage:
On the PPP application, Leonhardt Beverages LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,807
Business Information - Leonhardt Beverages LLC in Montpelier, ID
1215 Ethel Avenue
Montpelier, ID 83254
General Line Grocery Merchant Wholesalers
NAICS code 424410
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Montpelier
In the Montpelier area, 2 businesses in the "General Line Grocery Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 7 employees (compared to this company's 10) and received an average PPP loan of $14,580 (compared to this company's $24,807).
Similar Nearby Businesses Who Received PPP Funding:
Bear Lake Ice LLC
Industry PPP Comparison Statistics
Nationwide, 6,428 businesses in the "General Line Grocery Merchant Wholesalers" industry received a total of $753.1M 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 13 employees, 30% higher than Leonhardt Beverages LLC's reported 10 employees, and received an average PPP loan of $117,159, 372% higher than this company's loan of $24,807.
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Footnotes & Information
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