PPP Loan Data — Pineywoods Vet, LLC, Valdosta, GA
Pineywoods Vet, LLC is a limited liability company (LLC) located at 4310 N. Valdosta Rd. in Valdosta, Georgia that received a Coronavirus-related PPP loan from the SBA of $24,815.00 in April, 2020.
The company has reported itself as a White female owned business, and employed at least 21 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Commercial Banking Company
Pineywoods Vet, LLC in Valdosta, GA received a Paycheck Protection Loan of $24,815 through Commercial Banking Company, 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 May, 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, Pineywoods Vet, LLC's 2019 payroll expenses are estimated to be at least $119,112.
Based on their reported 21 jobs retained, this equals an estimated average yearly compensation of $5,672 per employee1
Reported PPP Proceed Usage:
On the PPP application, Pineywoods Vet, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,815
Business Information - Pineywoods Vet, LLC in Valdosta, GA
4310 N. Valdosta Rd.
Valdosta, GA 31602
NAICS code 541940
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Female Owned
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Valdosta
In the Valdosta area, 7 businesses in the "Veterinary Services" industry received a PPP loan. These local businesses reported an average of 18 employees (compared to this company's 21) and received an average PPP loan of $103,143 (compared to this company's $24,815).
Similar Nearby Businesses Who Received PPP Funding:
Northside Animal Hospital Of Valdosta, PC
Thomas H Moseley III LLC
Veterinary Care Center Inc
Valdosta Animal Hospital
Azalea City Animal Hospital PC
Creamer Veterinary Services PC
Industry PPP Comparison Statistics
Nationwide, 21,908 businesses in the "Veterinary Services" industry received a total of $2.01B 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 12 employees, 43% lower than Pineywoods Vet, LLC's reported 21 employees, and received an average PPP loan of $91,913, 270% higher than this company's loan of $24,815.
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Footnotes & Information
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