PPP Loan Data — Long Tail Treasures LLC, Tucson, AZ
Long Tail Treasures LLC is a limited liability company (LLC) located at 4500 E Speedway Blvd Ste 14 in Tucson, Arizona that received a Coronavirus-related PPP loan from the SBA of $25,177.00 in July, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Long Tail Treasures LLC in Tucson, AZ received a Paycheck Protection Loan of $25,177 through Quontic Bank, which was approved in July, 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, Long Tail Treasures LLC's 2019 payroll expenses are estimated to be at least $120,850.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $60,425 per employee1
Reported PPP Proceed Usage:
On the PPP application, Long Tail Treasures LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,177
Business Information - Long Tail Treasures LLC in Tucson, AZ
4500 E Speedway Blvd Ste 14
Tucson, AZ 85712
NAICS code 452210
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: Y
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 1,344 businesses in the "Department Stores" industry received a total of $70.33M 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 9 employees, 350% higher than Long Tail Treasures LLC's reported 2 employees, and received an average PPP loan of $52,327, 108% higher than this company's loan of $25,177.
FederalPay's PPP Information Policy
Footnotes & Information
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