PPP Loan Data — Louise Little, Brooklyn, NY
Louise Little is a sole proprietorship located in Brooklyn, New York that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in June, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Louise Little in Brooklyn, NY received a Paycheck Protection Loan of $25,000 through Fundbox, Inc., which was approved in June, 2020.
The minimum number of employees this company must have had in 2019 to qualify for the loan range received is 1. This estimation is accurate if all employees were paid at or over the $100k PPP salary eligibility cap.
Reported PPP Proceed Usage:
On the PPP application, Louise Little reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - Louise Little in Brooklyn, NY
* Full address is redacted to protect the privacy of individuals.
Child Day Care Services
NAICS code 624410
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Brooklyn
In the Brooklyn area, 101 businesses in the "Child Day Care Services" industry received a PPP loan. These local businesses reported an average of 6 employees (compared to this company's 1) and received an average PPP loan of $42,067 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
Cindy Mcfield Asamoah
3JS Daycare Center
Little Dreams Family Daycare LLC
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, 700% higher than Louise Little's reported 1 employees, and received an average PPP loan of $41,676, 67% higher than this company's loan of $25,000.
FederalPay's PPP Information Policy
Footnotes & Information
3. Since the PPP eligibility will include a maximum of $100k in salary expenses for each employee in the qualifying period, the minimum number of employees required to be eligible for a given PPP loan amount can be calculated by the following equation: ((LOAN AMOUNT/2.5 months) * 12 months) / 100k max salary. If a company reports fewer employees than this amount on their PPP application, it is likely because they had more employees on payroll during the qualifying period.
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