PPP Loan Data — Skybox Chalet LLC, Chattanooga, TN
Skybox Chalet LLC is a limited liability company (LLC) located at 1391 Holes Street S;107 in Chattanooga, Tennessee that received a Coronavirus-related PPP loan from the SBA of $47,000.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Truist Bank d/b/a Branch Banking & Trust Co
Skybox Chalet LLC in Chattanooga, TN received a Paycheck Protection Loan of $47,000 through Truist Bank d/b/a Branch Banking & Trust Co, which was approved in April, 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 February, 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, Skybox Chalet LLC's 2019 payroll expenses are estimated to be at least $225,600.
Based on their reported 16 jobs retained, this equals an estimated average yearly compensation of $14,100 per employee1
Reported PPP Proceed Usage:
On the PPP application, Skybox Chalet LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $47,000
Business Information - Skybox Chalet LLC in Chattanooga, TN
1391 Holes Street S;107
Chattanooga, TN 37408
Lessors of Other Real Estate Property
NAICS code 531190
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
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, 69% lower than Skybox Chalet LLC's reported 16 employees, and received an average PPP loan of $48,525, 3% higher than this company's loan of $47,000.
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Footnotes & Information
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