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PPP Loan Data — Price Leblanc LLC, Baton Rouge, LA

SBA PPP loan data, payroll data, and salaries for Price Leblanc LLC
LA

Price Leblanc LLC

Entity: Limited Liability Company (LLC)

Industry: New Car Dealers

Location: Baton Rouge, LA

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Price Leblanc LLC is a limited liability company (LLC) located at 13250 Airline Hwy in Baton Rouge, Louisiana that received a Coronavirus-related PPP loan from the SBA of $4,974,105.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$4.97M

Jobs Retained:

424

Loan Approved:

2020-04-08

Lender:

TOYOTA FINANCIAL SAVINGS BANK

Price Leblanc LLC received a Paycheck Protection Loan of $4.97M through TOYOTA FINANCIAL SAVINGS BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Price Leblanc LLC's total 2019 payroll expenses were approximately $23.88M in order to qualify for the PPP loan amount received.

Based on their reported 424 jobs retained, this equals an estimated average yearly compensation of $56,311 per employee1.

Because the loan received by Price Leblanc LLC is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Price Leblanc LLC in Baton Rouge, LA

Price Leblanc LLC
13250 Airline Hwy
Baton Rouge, LA 70817

Business Industry

New Car Dealers (NAICS code 441110)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: LA-06

Similar Companies near Baton Rouge

In the Baton Rouge area, 9 businesses in the "New Car Dealers" industry received a PPP loan. These local businesses reported an average of 127 employees (compared to this company's 424) and received an average PPP loan of $1,394,970 (compared to this company's $4.97M).

Industry PPP Comparison Statistics

Nationwide, 16,570 businesses in the "New Car Dealers" industry received a total of $10,869,996,969.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 2% of the total PPP funding allocated.

PPP recipients in this industry report an average of 47 employees, 89% lower than Price Leblanc LLC's reported 424 employees, and received an average PPP loan of $656,005, 87% lower than this company's loan of $4.97M.

FederalPay's PPP Information Policy

Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan.

All information displayed on this page is publicly available information under PPP loan guidelines, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA.

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Footnotes & Information

1. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.

2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.


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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/price-leblanc-llc-baton-rouge-la