PPP Loan Data — Ottolyn H. Murphy & Kenneth E. Murphy, Mansfield, LA
Ottolyn H. Murphy & Kenneth E. Murphy
Location: Mansfield, LATweet This • Search All PPP Data
Ottolyn H. Murphy & Kenneth E. Murphy is a partnership located at 203 Texas St in Mansfield, Louisiana that received a Coronavirus-related PPP loan from the SBA of $24,873.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Community Bank of Louisiana
Ottolyn H. Murphy & Kenneth E. Murphy in Mansfield, LA received a Paycheck Protection Loan of $24,873 through Community Bank of Louisiana, 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 June, 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, Ottolyn H. Murphy & Kenneth E. Murphy's 2019 payroll expenses are estimated to be at least $119,390.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $29,848 per employee1
Reported PPP Proceed Usage:
On the PPP application, Ottolyn H. Murphy & Kenneth E. Murphy reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,873
Business Information - Ottolyn H. Murphy & Kenneth E. Murphy in Mansfield, LA
203 Texas St
Mansfield, LA 71052
Surveying and Mapping (except Geophysical) Services
NAICS code 541370
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Rural
Similar Companies near Mansfield
In the Mansfield area, 2 businesses in the "Surveying and Mapping (except Geophysical) Services" industry received a PPP loan. These local businesses reported an average of 4 employees (compared to this company's 4) and received an average PPP loan of $24,603 (compared to this company's $24,873).
Similar Nearby Businesses Who Received PPP Funding:
Kenneth E Murphy Surveys
Industry PPP Comparison Statistics
Nationwide, 5,535 businesses in the "Surveying and Mapping (except Geophysical) Services" industry received a total of $521.74M 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 8 employees, 100% higher than Ottolyn H. Murphy & Kenneth E. Murphy's reported 4 employees, and received an average PPP loan of $94,261, 279% higher than this company's loan of $24,873.
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Footnotes & Information
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