PPP Loan Data — Lock Stock + Barrel Trading Post LLC, Athens, OH
Lock Stock + Barrel Trading Post LLC is a limited liability company (LLC) located at 82 Columbus Cir in Athens, Ohio that received a Coronavirus-related PPP loan from the SBA of $25,009.00 in January, 2021.
The company has reported itself as a male owned business, and employed at least five people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:The First National Bank of McConnelsville
Lock Stock + Barrel Trading Post LLC in Athens, OH received a Paycheck Protection Loan of $25,009 through The First National Bank of McConnelsville, which was approved in January, 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, Lock Stock + Barrel Trading Post LLC's 2019 payroll expenses are estimated to be at least $120,043.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $24,009 per employee1
Reported PPP Proceed Usage:
On the PPP application, Lock Stock + Barrel Trading Post LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,003
- Utilities: $1
Business Information - Lock Stock + Barrel Trading Post LLC in Athens, OH
82 Columbus Cir
Athens, OH 45701
Used Merchandise Stores
NAICS code 453310
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Athens
In the Athens area, 2 businesses in the "Used Merchandise Stores" industry received a PPP loan. These local businesses reported an average of 3 employees (compared to this company's 5) and received an average PPP loan of $14,051 (compared to this company's $25,009).
Similar Nearby Businesses Who Received PPP Funding:
Industry PPP Comparison Statistics
Nationwide, 12,348 businesses in the "Used Merchandise Stores" industry received a total of $577.39M 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, 60% higher than Lock Stock + Barrel Trading Post LLC's reported 5 employees, and received an average PPP loan of $46,760, 87% higher than this company's loan of $25,009.
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Footnotes & Information
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