PPP Loan Data — Lime Out, LLC, St. John, VI
Lime Out, LLC is a limited liability company (LLC) located at Coral Harbor Reg. No 6122tc in St. John, that received a Coronavirus-related PPP loan from the SBA of $45,800.00 in June, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:FirstBank Puerto Rico
Lime Out, LLC in St. John, VI received a Paycheck Protection Loan of $45,800 through FirstBank Puerto Rico, which was approved in June, 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, Lime Out, LLC's 2019 payroll expenses are estimated to be at least $219,840.
Based on their reported 10 jobs retained, this equals an estimated average yearly compensation of $21,984 per employee1
Reported PPP Proceed Usage:
On the PPP application, Lime Out, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $45,800
Business Information - Lime Out, LLC in St. John, VI
Coral Harbor Reg. No 6122tc
St. John, VI 831
Drinking Places (Alcoholic Beverages)
NAICS code 722410
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Similar Companies near St. John
In the St. John area, 3 businesses in the "Drinking Places (Alcoholic Beverages)" industry received a PPP loan. These local businesses reported an average of 12 employees (compared to this company's 10) and received an average PPP loan of $64,504 (compared to this company's $45,800).
Similar Nearby Businesses Who Received PPP Funding:
Paddle In LLC
St John, VI
Quiet Mon Pub, Inc
St. John, VI
Industry PPP Comparison Statistics
Nationwide, 46,930 businesses in the "Drinking Places (Alcoholic Beverages)" industry received a total of $2.81B 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 12 employees, 20% higher than Lime Out, LLC's reported 10 employees, and received an average PPP loan of $59,863, 31% higher than this company's loan of $45,800.
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Footnotes & Information
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