PPP Loan Data — Looney Birds, Inc, Avon, IN
Looney Birds, Inc
Entity: Subchapter S Corporation
Franchise: Wild Birds Unlimited
Location: Avon, INTweet This • Search All PPP Data
Looney Birds, Inc is a subchapter s corporation located at 8100 E Us Hwy 36 Suite O in Avon, Indiana that received a Coronavirus-related PPP loan from the SBA of $25,058.00 in April, 2020. This business is a Wild Birds Unlimited franchise.
The company has reported itself as a White female owned business, and employed at least six people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:First Bank of the Lake
Looney Birds, Inc in Avon, IN received a Paycheck Protection Loan of $25,058 through First Bank of the Lake, 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 May, 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, Looney Birds, Inc's 2019 payroll expenses are estimated to be at least $120,278.
Based on their reported 6 jobs retained, this equals an estimated average yearly compensation of $20,046 per employee1
Reported PPP Proceed Usage:
On the PPP application, Looney Birds, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,058
Business Information - Looney Birds, Inc in Avon, IN
8100 E Us Hwy 36 Suite O
Avon, IN 46123
All Other Miscellaneous Store Retailers (except Tobacco Stores)
NAICS code 453998
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Female Owned
Veteran Status: Non-Veteran
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Avon
In the Avon area, 35 businesses in the "All Other Miscellaneous Store Retailers (except Tobacco Stores)" industry received a PPP loan. These local businesses reported an average of 4 employees (compared to this company's 6) and received an average PPP loan of $26,901 (compared to this company's $25,058).
Similar Nearby Businesses Who Received PPP Funding:
Joseph David Jeffries DBA Independent Contractor
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Suzy's Consign & Resale Inc
Industry PPP Comparison Statistics
Nationwide, 152,436 businesses in the "All Other Miscellaneous Store Retailers (except Tobacco Stores)" industry received a total of $5.23B 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 4 employees, 33% lower than Looney Birds, Inc's reported 6 employees, and received an average PPP loan of $34,329, 37% higher than this company's loan of $25,058.
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