PPP Loan Data — Shoemaker Country LLC, Ellicott City, MD
Shoemaker Country LLC is a limited liability company (LLC) located at 4950 Manor Lane in Ellicott City, Maryland that received a Coronavirus-related PPP loan from the SBA of $25,379.00 in May, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Wells Fargo Bank, National Association
Shoemaker Country LLC in Ellicott City, MD received a Paycheck Protection Loan of $25,379 through Wells Fargo Bank, National Association, which was approved in May, 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, Shoemaker Country LLC's 2019 payroll expenses are estimated to be at least $121,819.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $60,910 per employee1
Reported PPP Proceed Usage:
On the PPP application, Shoemaker Country LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,379
Business Information - Shoemaker Country LLC in Ellicott City, MD
4950 Manor Lane
Ellicott City, MD 21042
NAICS code 442110
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Ellicott City
In the Ellicott City area, 3 businesses in the "Furniture Stores" industry received a PPP loan. These local businesses reported an average of 3 employees (compared to this company's 2) and received an average PPP loan of $22,273 (compared to this company's $25,379).
Similar Nearby Businesses Who Received PPP Funding:
Classic Interiors LLC
Ellicott City, MD
Industry PPP Comparison Statistics
Nationwide, 16,379 businesses in the "Furniture Stores" industry received a total of $1.53B 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 10 employees, 400% higher than Shoemaker Country LLC's reported 2 employees, and received an average PPP loan of $93,282, 268% higher than this company's loan of $25,379.
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Footnotes & Information
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