PPP Loan Data — Sharon Gerstenberger, Austin, TX
Sharon Gerstenberger is a sole proprietorship located at 1111 E. 11th St 150 in Austin, Texas that received a Coronavirus-related PPP loan from the SBA of $25,349.00 in June, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Square Capital, LLC
Sharon Gerstenberger in Austin, TX received a Paycheck Protection Loan of $25,349 through Square Capital, LLC, which was approved in June, 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 March, 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, Sharon Gerstenberger's 2019 payroll expenses are estimated to be at least $121,675.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $30,419 per employee1
Reported PPP Proceed Usage:
On the PPP application, Sharon Gerstenberger reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $19,012
- Utilities: $3,169
- Mortgage Interest: $3,169
Business Information - Sharon Gerstenberger in Austin, TX
1111 E. 11th St 150
Austin, TX 78702
Women's Clothing Stores
NAICS code 448120
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Austin
In the Austin area, 12 businesses in the "Women's Clothing Stores" industry received a PPP loan. These local businesses reported an average of 4 employees (compared to this company's 4) and received an average PPP loan of $32,180 (compared to this company's $25,349).
Similar Nearby Businesses Who Received PPP Funding:
Miranda Bennett Studio, LLC
Kick Pleat LLC
Southern Hippie LLC
Estilo Interactive Ventures, LLC
Aimee Laughlin, Sole Proprietor
Breeland Bridal LLC
Industry PPP Comparison Statistics
Nationwide, 43,984 businesses in the "Women's Clothing Stores" industry received a total of $1.11B 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 3 employees, 25% lower than Sharon Gerstenberger's reported 4 employees, and received an average PPP loan of $25,247, 0% higher than this company's loan of $25,349.
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Footnotes & Information
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