PPP Loan Data — Shirley Baldree, Paducah, KY
Shirley Baldree is a sole proprietorship located at 118 Broadway St in Paducah, Kentucky that received a Coronavirus-related PPP loan from the SBA of $25,092.00 in January, 2021.
The company has reported itself as a White male owned business, and employed at least seven people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:The Paducah Bank and Trust Company
Shirley Baldree in Paducah, KY received a Paycheck Protection Loan of $25,092 through The Paducah Bank and Trust Company, which was approved 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, Shirley Baldree's 2019 payroll expenses are estimated to be at least $120,442.
Based on their reported 7 jobs retained, this equals an estimated average yearly compensation of $17,206 per employee1
Reported PPP Proceed Usage:
On the PPP application, Shirley Baldree reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,087
- Utilities: $1
Business Information - Shirley Baldree in Paducah, KY
118 Broadway St
Paducah, KY 42001
All Other Consumer Goods Rental
NAICS code 532289
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Paducah
In the Paducah area, 2 businesses in the "All Other Consumer Goods Rental" industry received a PPP loan. These local businesses reported an average of 4 employees (compared to this company's 7) and received an average PPP loan of $25,046 (compared to this company's $25,092).
Similar Nearby Businesses Who Received PPP Funding:
Paducah Tent & Awning Co
Industry PPP Comparison Statistics
Nationwide, 5,448 businesses in the "All Other Consumer Goods Rental" industry received a total of $379.38M 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 8 employees, 14% higher than Shirley Baldree's reported 7 employees, and received an average PPP loan of $69,637, 178% higher than this company's loan of $25,092.
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Footnotes & Information
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