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PPP Loan Data — Queen Bee Enterprises, Monroe, LA

SBA PPP loan data, payroll data, and salaries for Queen Bee Enterprises
LA

Queen Bee Enterprises

Entity: Sole Proprietorship

Industry: All Other Miscellaneous Store Retailers (except Tobacco Stores)

Location: Monroe, LA

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Queen Bee Enterprises is a sole proprietorship located in Monroe, Louisiana that received a Coronavirus-related PPP loan from the SBA of $2,400.00 in June, 2020.

$ PPP Loan Information

Loan Size:

$2,400

Jobs Retained:

1

Loan Approved:

2020-06-16

Lender:

CUSTOMERS BANK

Queen Bee Enterprises received a Paycheck Protection Loan of $2,400 through CUSTOMERS BANK, which was approved in June, 2020.


PPP Calculation Note: The total PPP loan an eligible business or individual can receive is based on 2.5 times their average monthly 2019 payroll expenses, capped at $100,000 annually per employee.

Business Information - Queen Bee Enterprises in Monroe, LA

Queen Bee Enterprises
Monroe, LA
* Full address is redacted to protect the privacy of individuals.

Business Industry

All Other Miscellaneous Store Retailers (except Tobacco Stores) (NAICS code 453998)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: LA-05

Similar Companies near Monroe

In the Monroe area, 6 businesses in the "All Other Miscellaneous Store Retailers (except Tobacco Stores)" industry received a PPP loan. These local businesses reported an average of 58 employees (compared to this company's 1) and received an average PPP loan of $1,047,723 (compared to this company's $2,400).

Industry PPP Comparison Statistics

Nationwide, 67,030 businesses in the "All Other Miscellaneous Store Retailers (except Tobacco Stores)" industry received a total of $3,394,491,072.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.

PPP recipients in this industry report an average of 6 employees, 500% higher than Queen Bee Enterprises' reported 1 employees, and received an average PPP loan of $50,641, 2010% higher than this company's loan of $2,400.

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. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

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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/queen-bee-enterprises-monroe-la