PPP Loan Data — Main Street Title, LLC, Shreveport, LA
Main Street Title, LLC is a limited liability company (LLC) located at 831 Kings Hwy, Ste 100 in Shreveport, Louisiana that received a Coronavirus-related PPP loan from the SBA of $46,402.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least six people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Home Federal Bank
Main Street Title, LLC in Shreveport, LA received a Paycheck Protection Loan of $46,402 through Home Federal Bank, 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, Main Street Title, LLC's 2019 payroll expenses are estimated to be at least $222,730.
Based on their reported 6 jobs retained, this equals an estimated average yearly compensation of $37,122 per employee1
Reported PPP Proceed Usage:
On the PPP application, Main Street Title, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,402
Business Information - Main Street Title, LLC in Shreveport, LA
831 Kings Hwy, Ste 100
Shreveport, LA 71104
Title Abstract and Settlement Offices
NAICS code 541191
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Shreveport
In the Shreveport area, 5 businesses in the "Title Abstract and Settlement Offices" industry received a PPP loan. These local businesses reported an average of 6 employees (compared to this company's 6) and received an average PPP loan of $58,107 (compared to this company's $46,402).
Similar Nearby Businesses Who Received PPP Funding:
M & M Title LLC
Fairfield Abstracts, Inc
Pierremont Abstract & Title LLC
Interstate Title Company, Inc
Industry PPP Comparison Statistics
Nationwide, 5,533 businesses in the "Title Abstract and Settlement Offices" industry received a total of $500.83M 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 8 employees, 33% higher than Main Street Title, LLC's reported 6 employees, and received an average PPP loan of $90,517, 95% higher than this company's loan of $46,402.
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Footnotes & Information
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