PPP Loan Data — Shoes And Such Inc, Flagstaff, AZ
Shoes And Such Inc is a corporation located at 17 E Aspen in Flagstaff, Arizona that received a Coronavirus-related PPP loan from the SBA of $24,837.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Shoes And Such Inc in Flagstaff, AZ received a Paycheck Protection Loan of $24,837 through BBVA USA, which was approved in April, 2020.
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, Shoes And Such Inc's 2019 payroll expenses are estimated to be at least $119,218.
Based on their reported 9 jobs retained, this equals an estimated average yearly compensation of $13,246 per employee1
Reported PPP Proceed Usage:
On the PPP application, Shoes And Such Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $18,628
- Utilities: $3,105
- Mortgage Interest: $3,105
Business Information - Shoes And Such Inc in Flagstaff, AZ
17 E Aspen
Flagstaff, AZ 86001
NAICS code 448210
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, 7,952 businesses in the "Shoe Stores" industry received a total of $380.28M 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 6 employees, 33% lower than Shoes And Such Inc's reported 9 employees, and received an average PPP loan of $47,822, 93% higher than this company's loan of $24,837.
FederalPay's PPP Information Policy
Footnotes & Information
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