PPP Loan Data — LIL Leopards Learning Ladder LLC, Gainesville, TX
LIL Leopards Learning Ladder LLC is a limited liability company (LLC) located at 1 Edison Dr in Gainesville, Texas that received a Coronavirus-related PPP loan from the SBA of $46,400.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:First United Bank and Trust Company
LIL Leopards Learning Ladder LLC in Gainesville, TX received a Paycheck Protection Loan of $46,400 through First United Bank and Trust Company, 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 January, 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, LIL Leopards Learning Ladder LLC's 2019 payroll expenses are estimated to be at least $222,720.
Based on their reported 12 jobs retained, this equals an estimated average yearly compensation of $18,560 per employee1
Reported PPP Proceed Usage:
On the PPP application, LIL Leopards Learning Ladder LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,400
Business Information - LIL Leopards Learning Ladder LLC in Gainesville, TX
1 Edison Dr
Gainesville, TX 76240
NAICS code 999990
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Gainesville
In the Gainesville area, 4 businesses in the "Unclassified Establishments" industry received a PPP loan. These local businesses reported an average of 12 employees (compared to this company's 12) and received an average PPP loan of $97,300 (compared to this company's $46,400).
Similar Nearby Businesses Who Received PPP Funding:
Dano Enterprises Inc
Lone Star Erosion Services LLC
Industry PPP Comparison Statistics
Nationwide, 85,647 businesses in the "Unclassified Establishments" industry received a total of $3.67B 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 10 employees, 17% lower than LIL Leopards Learning Ladder LLC's reported 12 employees, and received an average PPP loan of $42,878, 8% lower than this company's loan of $46,400.
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Footnotes & Information
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