PPP Loan Data — Northern Lights And Fans LLC, Las Vegas, NV
Northern Lights And Fans LLC
Entity: Limited Liability Company (LLC)
Location: Las Vegas, NVTweet This • Search All PPP Data
Northern Lights And Fans LLC is a limited liability company (LLC) located at 6285 S Rainbow Blvd #100 in Las Vegas, Nevada that received a Coronavirus-related PPP loan from the SBA of $25,400.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Clark County CU
Northern Lights And Fans LLC in Las Vegas, NV received a Paycheck Protection Loan of $25,400 through Clark County CU, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in April, 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, Northern Lights And Fans LLC's 2019 payroll expenses are estimated to be at least $121,920.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $24,384 per employee1
Reported PPP Proceed Usage:
On the PPP application, Northern Lights And Fans LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,400
Business Information - Northern Lights And Fans LLC in Las Vegas, NV
6285 S Rainbow Blvd #100
Las Vegas, NV 89118
Residential Electric Lighting Fixture Manufacturing
NAICS code 335121
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Las Vegas
In the Las Vegas area, 4 businesses in the "Residential Electric Lighting Fixture Manufacturing" industry received a PPP loan. These local businesses reported an average of 16 employees (compared to this company's 5) and received an average PPP loan of $204,166 (compared to this company's $25,400).
Similar Nearby Businesses Who Received PPP Funding:
Kalco Lighting Limited
Las Vegas, NV
Mulligan Sales Incorporated
Las Vegas, NV
Industry PPP Comparison Statistics
Nationwide, 888 businesses in the "Residential Electric Lighting Fixture Manufacturing" industry received a total of $95.48M 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, 100% higher than Northern Lights And Fans LLC's reported 5 employees, and received an average PPP loan of $107,522, 323% higher than this company's loan of $25,400.
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Footnotes & Information
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