PPP Loan Data — Sarah.a, LLC, Marrero, LA
Sarah.a, LLC is a limited liability company (LLC) located at 6229 Westbank Expy in Marrero, Louisiana that received a Coronavirus-related PPP loan from the SBA of $25,200.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least seven people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Gulf Coast Bank and Trust Company
Sarah.a, LLC in Marrero, LA received a Paycheck Protection Loan of $25,200 through Gulf Coast Bank and 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 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, Sarah.a, LLC's 2019 payroll expenses are estimated to be at least $120,960.
Based on their reported 7 jobs retained, this equals an estimated average yearly compensation of $17,280 per employee1
Reported PPP Proceed Usage:
On the PPP application, Sarah.a, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $18,900
- Utilities: $6,300
Business Information - Sarah.a, LLC in Marrero, LA
6229 Westbank Expy
Marrero, LA 70072
Other Gasoline Stations
NAICS code 447190
Business Owner Demographics
Gender: Male Owned
Veteran Status: Unreported
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Marrero
In the Marrero area, 2 businesses in the "Other Gasoline Stations" industry received a PPP loan. These local businesses reported an average of 6 employees (compared to this company's 7) and received an average PPP loan of $28,743 (compared to this company's $25,200).
Similar Nearby Businesses Who Received PPP Funding:
Rick's Ames Limited Liability Company
Industry PPP Comparison Statistics
Nationwide, 6,490 businesses in the "Other Gasoline Stations" industry received a total of $343.18M 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 9 employees, 29% higher than Sarah.a, LLC's reported 7 employees, and received an average PPP loan of $52,878, 110% higher than this company's loan of $25,200.
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Footnotes & Information
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