PPP Loan Data — Mehta Investment And Consultancy LLC, Blacksburg, SC
Mehta Investment And Consultancy LLC is a limited liability company (LLC) located at 2806 E Cherokee St in Blacksburg, South Carolina that received a Coronavirus-related PPP loan from the SBA of $25,048.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Mehta Investment And Consultancy LLC in Blacksburg, SC received a Paycheck Protection Loan of $25,048 through Customers Bank, which was approved in May, 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, Mehta Investment And Consultancy LLC's 2019 payroll expenses are estimated to be at least $120,230.
Based on their reported 7 jobs retained, this equals an estimated average yearly compensation of $17,176 per employee1
Reported PPP Proceed Usage:
On the PPP application, Mehta Investment And Consultancy LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,048
Business Information - Mehta Investment And Consultancy LLC in Blacksburg, SC
2806 E Cherokee St
Blacksburg, SC 29702
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: Y
Rural / Urban: Urban
Industry PPP Comparison Statistics
PPP recipients in this industry report an average of 0 employees, 100% lower than Mehta Investment And Consultancy LLC's reported 7 employees, and received an average PPP loan of $0, 100% lower than this company's loan of $25,048.
FederalPay's PPP Information Policy
Footnotes & Information
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