PPP Loan Data — ML Production LLC, Laplace, LA
ML Production LLC is a limited liability company (LLC) located at 161 East Lakeview Drive in Laplace, Louisiana that received a Coronavirus-related PPP loan from the SBA of $46,250.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Cross River Bank
ML Production LLC in Laplace, LA received a Paycheck Protection Loan of $46,250 through Cross River 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, ML Production LLC's 2019 payroll expenses are estimated to be at least $222,000.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $74,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, ML Production LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,250
Business Information - ML Production LLC in Laplace, LA
161 East Lakeview Drive
Laplace, LA 70068
Other Performing Arts Companies
NAICS code 711190
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Laplace
In the Laplace area, 5 businesses in the "Other Performing Arts Companies" 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 $18,778 (compared to this company's $46,250).
Similar Nearby Businesses Who Received PPP Funding:
Briana Renee Wilson
La Place, LA
Mi Brows Beauty
La Place, LA
Larry Hills Jr
Industry PPP Comparison Statistics
Nationwide, 24,161 businesses in the "Other Performing Arts Companies" industry received a total of $712.21M 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 4 employees, 33% higher than ML Production LLC's reported 3 employees, and received an average PPP loan of $29,478, 36% lower than this company's loan of $46,250.
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