PPP Loan Data — Little Cardinals Learning Center, Tipton, MO
Little Cardinals Learning Center is a sole proprietorship located at 611 High St in Tipton, Missouri that received a Coronavirus-related PPP loan from the SBA of $47,100.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Little Cardinals Learning Center in Tipton, MO received a Paycheck Protection Loan of $47,100 through Commerce Bank, which was approved in April, 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, Little Cardinals Learning Center's 2019 payroll expenses are estimated to be at least $226,080.
Based on their reported 15 jobs retained, this equals an estimated average yearly compensation of $15,072 per employee1
Reported PPP Proceed Usage:
On the PPP application, Little Cardinals Learning Center reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $37,700
- Utilities: $3,400
- Rent: $6,000
Business Information - Little Cardinals Learning Center in Tipton, MO
611 High St
Tipton, MO 65081
Child Day Care Services
NAICS code 624410
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Tipton
In the Tipton area, 6 businesses in the "Child Day Care Services" industry received a PPP loan. These local businesses reported an average of 4 employees (compared to this company's 15) and received an average PPP loan of $12,475 (compared to this company's $47,100).
Similar Nearby Businesses Who Received PPP Funding:
Kids Cottage Daycare
Pamela J Williams
Industry PPP Comparison Statistics
Nationwide, 132,794 businesses in the "Child Day Care Services" industry received a total of $5.53B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 8 employees, 47% lower than Little Cardinals Learning Center's reported 15 employees, and received an average PPP loan of $41,676, 12% lower than this company's loan of $47,100.
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Footnotes & Information
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