PPP Loan Data — SBP Consulting Inc, Danbury, NC
SBP Consulting Inc is a corporation located at 623 N Main Street in Danbury, North Carolina that received a Coronavirus-related PPP loan from the SBA of $25,364.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Wells Fargo Bank, National Association
SBP Consulting Inc in Danbury, NC received a Paycheck Protection Loan of $25,364 through Wells Fargo 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 April, 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, SBP Consulting Inc's 2019 payroll expenses are estimated to be at least $121,747.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $60,874 per employee1
Reported PPP Proceed Usage:
On the PPP application, SBP Consulting Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,364
Business Information - SBP Consulting Inc in Danbury, NC
623 N Main Street
Danbury, NC 27016
Educational Support Services
NAICS code 611710
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Industry PPP Comparison Statistics
Nationwide, 39,474 businesses in the "Educational Support Services" industry received a total of $2.35B 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 7 employees, 250% higher than SBP Consulting Inc's reported 2 employees, and received an average PPP loan of $59,417, 134% higher than this company's loan of $25,364.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!