PPP Loan Data — North Manchester Liquid Assets Inc, North Manchester, IN
North Manchester Liquid Assets Inc is a subchapter s corporation located at 409 State Road 13 North in North Manchester, Indiana that received a Coronavirus-related PPP loan from the SBA of $25,035.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Lake City Bank
North Manchester Liquid Assets Inc in North Manchester, IN received a Paycheck Protection Loan of $25,035 through Lake City 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, North Manchester Liquid Assets Inc's 2019 payroll expenses are estimated to be at least $120,168.
Based on their reported 8 jobs retained, this equals an estimated average yearly compensation of $15,021 per employee1
Reported PPP Proceed Usage:
On the PPP application, North Manchester Liquid Assets Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $18,777
- Utilities: $6,258
Business Information - North Manchester Liquid Assets Inc in North Manchester, IN
409 State Road 13 North
North Manchester, IN 46962
Beer, Wine, and Liquor Stores
NAICS code 445310
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Industry PPP Comparison Statistics
Nationwide, 19,110 businesses in the "Beer, Wine, and Liquor Stores" industry received a total of $604.2M 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 6 employees, 25% lower than North Manchester Liquid Assets Inc's reported 8 employees, and received an average PPP loan of $31,617, 26% higher than this company's loan of $25,035.
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Footnotes & Information
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