PPP Loan Data — Sixtus Management LLC, Franklin, IN
Sixtus Management LLC is a limited liability company (LLC) located at 1037 W Jefferson St in Franklin, Indiana that received a Coronavirus-related PPP loan from the SBA of $25,200.00 in April, 2020.
The company has reported itself as a female owned business, and employed at least three people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:The Huntington National Bank
Sixtus Management LLC in Franklin, IN received a Paycheck Protection Loan of $25,200 through The Huntington National Bank, 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, Sixtus Management LLC's 2019 payroll expenses are estimated to be at least $120,960.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $40,320 per employee1
Reported PPP Proceed Usage:
On the PPP application, Sixtus Management LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,200
Business Information - Sixtus Management LLC in Franklin, IN
1037 W Jefferson St
Franklin, IN 46131
Lessors of Other Real Estate Property
NAICS code 531190
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Female Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 16,619 businesses in the "Lessors of Other Real Estate Property" industry received a total of $806.44M 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 5 employees, 67% higher than Sixtus Management LLC's reported 3 employees, and received an average PPP loan of $48,525, 93% higher than this company's loan of $25,200.
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Footnotes & Information
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