PPP Loan Data — Muscatine Mall Management II, LLC, Muscatine, IA
Muscatine Mall Management II, LLC
Entity: Limited Liability Company (LLC)
Location: Muscatine, IATweet This • Search All PPP Data
Muscatine Mall Management II, LLC is a limited liability company (LLC) located at 1903 Park Ave in Muscatine, Iowa that received a Coronavirus-related PPP loan from the SBA of $25,300.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Quad City Bank and Trust Company
Muscatine Mall Management II, LLC in Muscatine, IA received a Paycheck Protection Loan of $25,300 through Quad City Bank and Trust Company, 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, Muscatine Mall Management II, LLC's 2019 payroll expenses are estimated to be at least $121,440.
Based on their reported 6 jobs retained, this equals an estimated average yearly compensation of $20,240 per employee1
Reported PPP Proceed Usage:
On the PPP application, Muscatine Mall Management II, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,300
Business Information - Muscatine Mall Management II, LLC in Muscatine, IA
1903 Park Ave
Muscatine, IA 52761
Lessors of Nonresidential Buildings (except Miniwarehouses)
NAICS code 531120
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Muscatine
In the Muscatine area, 8 businesses in the "Lessors of Nonresidential Buildings (except Miniwarehouses)" 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 $38,146 (compared to this company's $25,300).
Similar Nearby Businesses Who Received PPP Funding:
C.p. Pierce & Son, Inc
SAL Vitales Little Italy LLC
Cedar Street Investments LLC
James Allen Weigand
Muscatine Downtown Investors, LLC
Mealy Holdings LLC
Industry PPP Comparison Statistics
Nationwide, 19,255 businesses in the "Lessors of Nonresidential Buildings (except Miniwarehouses)" industry received a total of $1.72B 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 10 employees, 67% higher than Muscatine Mall Management II, LLC's reported 6 employees, and received an average PPP loan of $89,367, 253% higher than this company's loan of $25,300.
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