PPP Loan Data — Lilintahl, LLC, Takoma Park, MD
Lilintahl, LLC is a limited liability company (LLC) located at 7333 New Hampshire Ave in Takoma Park, Maryland that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in April, 2020.
The company has reported itself as a female owned business, and employed at least nineteen people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Celtic Bank Corporation
Lilintahl, LLC in Takoma Park, MD received a Paycheck Protection Loan of $25,000 through Celtic Bank Corporation, 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 June, 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, Lilintahl, LLC's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 19 jobs retained, this equals an estimated average yearly compensation of $6,316 per employee1
Reported PPP Proceed Usage:
On the PPP application, Lilintahl, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - Lilintahl, LLC in Takoma Park, MD
7333 New Hampshire Ave
Takoma Park, MD 20912
Sports and Recreation Instruction
NAICS code 611620
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Female Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 26,103 businesses in the "Sports and Recreation Instruction" industry received a total of $882.67M 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, 58% lower than Lilintahl, LLC's reported 19 employees, and received an average PPP loan of $33,815, 35% higher than this company's loan of $25,000.
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Footnotes & Information
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