PPP Loan Data — LSS Holdings LLC, Louisville, KY
LSS Holdings LLC is a limited liability company (LLC) located at 908 S 8th St, Ste 500 in Louisville, Kentucky that received a Coronavirus-related PPP loan from the SBA of $1,593,100.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:PNC Bank, National Association
LSS Holdings LLC in Louisville, KY received a Paycheck Protection Loan of $1.59M through PNC Bank, National Association, 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, LSS Holdings LLC's 2019 payroll expenses are estimated to be at least $7.65M.
Based on their reported 184 jobs retained, this equals an estimated average yearly compensation of $41,559 per employee1
Reported PPP Proceed Usage:
On the PPP application, LSS Holdings LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,593,100
Business Information - LSS Holdings LLC in Louisville, KY
908 S 8th St, Ste 500
Louisville, KY 40203
Facilities Support Services
NAICS code 561210
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Louisville
In the Louisville area, 2 businesses in the "Facilities Support Services" industry received a PPP loan. These local businesses reported an average of 103 employees (compared to this company's 184) and received an average PPP loan of $893,900 (compared to this company's $1.59M).
Similar Nearby Businesses Who Received PPP Funding:
Community Transitional Services LLC
Industry PPP Comparison Statistics
Nationwide, 5,275 businesses in the "Facilities Support Services" industry received a total of $630.92M 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 13 employees, 93% lower than LSS Holdings LLC's reported 184 employees, and received an average PPP loan of $119,606, 92% lower than this company's loan of $1.59M.
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Footnotes & Information
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