PPP Loan Data — Pegasus Industries LLC, Shelbyville, KY
Pegasus Industries LLC is a limited liability company (LLC) located at 421 Haven Hill Rd in Shelbyville, Kentucky that received a Coronavirus-related PPP loan from the SBA of $1,665,000.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least 195 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Stock Yards Bank & Trust Company
Pegasus Industries LLC in Shelbyville, KY received a Paycheck Protection Loan of $1.67M through Stock Yards Bank & 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, Pegasus Industries LLC's 2019 payroll expenses are estimated to be at least $7.99M.
Based on their reported 195 jobs retained, this equals an estimated average yearly compensation of $40,985 per employee1
Reported PPP Proceed Usage:
On the PPP application, Pegasus Industries LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,665,000
Business Information - Pegasus Industries LLC in Shelbyville, KY
421 Haven Hill Rd
Shelbyville, KY 40065
Packing and Crating
NAICS code 488991
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Rural
Industry PPP Comparison Statistics
Nationwide, 1,244 businesses in the "Packing and Crating" industry received a total of $138.41M 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 13 employees, 93% lower than Pegasus Industries LLC's reported 195 employees, and received an average PPP loan of $111,265, 93% lower than this company's loan of $1.67M.
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Footnotes & Information
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