PPP Loan Data — REV Gum LLC, Austin, TX
REV Gum LLC is a limited liability company (LLC) located at 3825 Westlake Drive 0.0 in Austin, Texas that received a Coronavirus-related PPP loan from the SBA of $46,483.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:JPMorgan Chase Bank, National Association
REV Gum LLC in Austin, TX received a Paycheck Protection Loan of $46,483 through JPMorgan Chase Bank, National Association, 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, REV Gum LLC's 2019 payroll expenses are estimated to be at least $223,118.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $55,780 per employee1
Reported PPP Proceed Usage:
On the PPP application, REV Gum LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,483
Business Information - REV Gum LLC in Austin, TX
3825 Westlake Drive 0.0
Austin, TX 78746
Nonchocolate Confectionery Manufacturing
NAICS code 311340
Business Owner Demographics
Veteran Status: Unreported
Business Age: Startup, Loan Funds will Open Business
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 572 businesses in the "Nonchocolate Confectionery Manufacturing" industry received a total of $136.6M 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 25 employees, 525% higher than REV Gum LLC's reported 4 employees, and received an average PPP loan of $238,820, 414% higher than this company's loan of $46,483.
FederalPay's PPP Information Policy
Footnotes & Information
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