PPP Loan Data — Sitters For Life 2, Montgomery, AL
Sitters For Life 2
Entity: Limited Liability Company (LLC)
Location: Montgomery, ALTweet This • Search All PPP Data
Sitters For Life 2 is a limited liability company (LLC) located in Montgomery, Alabama that received a Coronavirus-related PPP loan from the SBA of $25,066.00 in May, 2020.
The company has reported itself as a Black or african american male veteran owned business, and employed at least one person during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Cross River Bank
Sitters For Life 2 in Montgomery, AL received a Paycheck Protection Loan of $25,066 through Cross River Bank, which was approved in May, 2020.
The minimum number of employees this company must have had in 2019 to qualify for the loan range received is 1. This estimation is accurate if all employees were paid at or over the $100k PPP salary eligibility cap.
Reported PPP Proceed Usage:
On the PPP application, Sitters For Life 2 reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,066
Business Information - Sitters For Life 2 in Montgomery, AL
* Full address is redacted to protect the privacy of individuals.
All Other Miscellaneous Ambulatory Health Care Services
NAICS code 621999
Business Owner Demographics
Race: Black or African American
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Montgomery
In the Montgomery area, 10 businesses in the "All Other Miscellaneous Ambulatory Health Care Services" industry received a PPP loan. These local businesses reported an average of 6 employees (compared to this company's 1) and received an average PPP loan of $66,218 (compared to this company's $25,066).
Similar Nearby Businesses Who Received PPP Funding:
Baptist Foundation Of Alabama
Premiere Medicine LLC
Drugtest Services LLC
Casals Clinic Inc
Sitters For Life
Gardenia Cove Mental Health, PC
DGW Medical Services
The Center For Physical Medicine And Pain Management PC
Industry PPP Comparison Statistics
Nationwide, 18,626 businesses in the "All Other Miscellaneous Ambulatory Health Care Services" industry received a total of $1.65B 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 12 employees, 1100% higher than Sitters For Life 2's reported 1 employees, and received an average PPP loan of $88,620, 254% higher than this company's loan of $25,066.
FederalPay's PPP Information Policy
Footnotes & Information
3. Since the PPP eligibility will include a maximum of $100k in salary expenses for each employee in the qualifying period, the minimum number of employees required to be eligible for a given PPP loan amount can be calculated by the following equation: ((LOAN AMOUNT/2.5 months) * 12 months) / 100k max salary. If a company reports fewer employees than this amount on their PPP application, it is likely because they had more employees on payroll during the qualifying period.
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