PPP Loan Data — Lilliehobbs Mercantile LLC, Omaha, AR
Lilliehobbs Mercantile LLC is a sole proprietorship located at 5581 Center Loop in Omaha, Arkansas 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 eight people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lilliehobbs Mercantile LLC in Omaha, AR received a Paycheck Protection Loan of $25,000 through Anstaff 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 May, 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, Lilliehobbs Mercantile LLC's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 8 jobs retained, this equals an estimated average yearly compensation of $15,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, Lilliehobbs Mercantile LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - Lilliehobbs Mercantile LLC in Omaha, AR
5581 Center Loop
Omaha, AR 72662
Snack and Nonalcoholic Beverage Bars
NAICS code 722515
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Female Owned
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Industry PPP Comparison Statistics
Nationwide, 27,681 businesses in the "Snack and Nonalcoholic Beverage Bars" industry received a total of $1.44B 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 11 employees, 38% higher than Lilliehobbs Mercantile LLC's reported 8 employees, and received an average PPP loan of $52,130, 109% higher than this company's loan of $25,000.
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Footnotes & Information
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