PPP Loan Data — Next Level Media LLC, Georgetown, TX
Next Level Media LLC is a limited liability company (LLC) located at 408 San Gabriel River Rd in Georgetown, Texas that received a Coronavirus-related PPP loan from the SBA of $46,250.00 in January, 2021.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Cross River Bank
Next Level Media LLC in Georgetown, TX received a Paycheck Protection Loan of $46,250 through Cross River Bank, which was approved in January, 2021.
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, Next Level Media LLC's 2019 payroll expenses are estimated to be at least $222,000.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $44,400 per employee1
Reported PPP Proceed Usage:
On the PPP application, Next Level Media LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,248
- Utilities: $1
Business Information - Next Level Media LLC in Georgetown, TX
408 San Gabriel River Rd
Georgetown, TX 78626
NAICS code 541810
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Georgetown
In the Georgetown area, 2 businesses in the "Advertising Agencies" industry received a PPP loan. These local businesses reported an average of 3 employees (compared to this company's 5) and received an average PPP loan of $40,625 (compared to this company's $46,250).
Similar Nearby Businesses Who Received PPP Funding:
Industry PPP Comparison Statistics
Nationwide, 24,012 businesses in the "Advertising Agencies" industry received a total of $2.39B 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 7 employees, 40% higher than Next Level Media LLC's reported 5 employees, and received an average PPP loan of $99,714, 116% higher than this company's loan of $46,250.
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Footnotes & Information
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