PPP Loan Data — Read Business Forms, LLC, Springfield, MO
Read Business Forms, LLC is a limited liability company (LLC) located at 2925 E Chestnut Expwy, Unit C in Springfield, Missouri that received a Coronavirus-related PPP loan from the SBA of $25,350.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least three people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Legacy Bank & Trust Company
Read Business Forms, LLC in Springfield, MO received a Paycheck Protection Loan of $25,350 through Legacy Bank & Trust 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 January, 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, Read Business Forms, LLC's 2019 payroll expenses are estimated to be at least $121,680.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $40,560 per employee1
Reported PPP Proceed Usage:
On the PPP application, Read Business Forms, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,350
Business Information - Read Business Forms, LLC in Springfield, MO
2925 E Chestnut Expwy, Unit C
Springfield, MO 65802
Other Management Consulting Services
NAICS code 541618
Business Owner Demographics
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Springfield
In the Springfield area, 8 businesses in the "Other Management Consulting Services" industry received a PPP loan. These local businesses reported an average of 16 employees (compared to this company's 3) and received an average PPP loan of $101,301 (compared to this company's $25,350).
Similar Nearby Businesses Who Received PPP Funding:
American Beverage Solutions LLC
Springfield Healthcare Management, LLC
Horizon Business Partners, LLC
Kristen St Martin
Charles Rea Enterprises Inc
Select Consulting LLC
Aquila Ventures LLC
Industry PPP Comparison Statistics
Nationwide, 84,014 businesses in the "Other Management Consulting Services" industry received a total of $3.74B 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 4 employees, 33% higher than Read Business Forms, LLC's reported 3 employees, and received an average PPP loan of $44,524, 76% higher than this company's loan of $25,350.
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Footnotes & Information
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