PPP Loan Data — Little Bean, LLC, Alton, NH
Little Bean, LLC is a limited liability company (LLC) located at 64 Main Street in Alton, New Hampshire that received a Coronavirus-related PPP loan from the SBA of $25,250.00 in April, 2020. This business is a Aroma Joe's franchise.
The company has reported itself as a female owned business, and employed at least thirteen people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Partners Bank of New England
Little Bean, LLC in Alton, NH received a Paycheck Protection Loan of $25,250 through Partners Bank of New England, 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 April, 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, Little Bean, LLC's 2019 payroll expenses are estimated to be at least $121,200.
Based on their reported 13 jobs retained, this equals an estimated average yearly compensation of $9,323 per employee1
Reported PPP Proceed Usage:
On the PPP application, Little Bean, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,250
Business Information - Little Bean, LLC in Alton, NH
64 Main Street
Alton, NH 3809
Snack and Nonalcoholic Beverage Bars
NAICS code 722515
Business Owner Demographics
Gender: Female Owned
Veteran Status: Non-Veteran
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, 15% lower than Little Bean, LLC's reported 13 employees, and received an average PPP loan of $52,130, 106% higher than this company's loan of $25,250.
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Footnotes & Information
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