PPP Loan Data — Louque's Exo Techs, Destrehan, LA
Louque's Exo Techs
Location: Destrehan, LATweet This • Search All PPP Data
Louque's Exo Techs is a corporation located at 245 Dunleith Dr in Destrehan, Louisiana that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:First National Bank USA
Louque's Exo Techs in Destrehan, LA received a Paycheck Protection Loan of $25,000 through First National Bank USA, 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, Louque's Exo Techs' 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $40,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, Louque's Exo Techs reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - Louque's Exo Techs in Destrehan, LA
245 Dunleith Dr
Destrehan, LA 70047
Automotive Body, Paint, and Interior Repair and Maintenance
NAICS code 811121
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Destrehan
In the Destrehan area, 2 businesses in the "Automotive Body, Paint, and Interior Repair and Maintenance" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 3) and received an average PPP loan of $17,318 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
Industry PPP Comparison Statistics
Nationwide, 41,993 businesses in the "Automotive Body, Paint, and Interior Repair and Maintenance" industry received a total of $2.54B 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 6 employees, 100% higher than Louque's Exo Techs' reported 3 employees, and received an average PPP loan of $60,493, 142% higher than this company's loan of $25,000.
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