PPP Loan Data — Shriganesh Retai LLC, Goldsboro, NC
Shriganesh Retai LLC is a limited liability company (LLC) located at 113 Millers Chapel Rd in Goldsboro, North Carolina that received a Coronavirus-related PPP loan from the SBA of $25,437.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Wells Fargo Bank, National Association
Shriganesh Retai LLC in Goldsboro, NC received a Paycheck Protection Loan of $25,437 through Wells Fargo Bank, National Association, which was approved in May, 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, Shriganesh Retai LLC's 2019 payroll expenses are estimated to be at least $122,098.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $24,420 per employee1
Reported PPP Proceed Usage:
On the PPP application, Shriganesh Retai LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,437
Business Information - Shriganesh Retai LLC in Goldsboro, NC
113 Millers Chapel Rd
Goldsboro, NC 27534
NAICS code 999990
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Goldsboro
In the Goldsboro area, 5 businesses in the "Unclassified Establishments" industry received a PPP loan. These local businesses reported an average of 5 employees (compared to this company's 5) and received an average PPP loan of $18,270 (compared to this company's $25,437).
Similar Nearby Businesses Who Received PPP Funding:
Goldsboro Empire Fire LLC
Razorback Farms LLC
NV Retail LLC
Industry PPP Comparison Statistics
Nationwide, 85,647 businesses in the "Unclassified Establishments" industry received a total of $3.67B 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, 100% higher than Shriganesh Retai LLC's reported 5 employees, and received an average PPP loan of $42,878, 69% higher than this company's loan of $25,437.
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Footnotes & Information
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