PPP Loan Data — Starlight Industrial Automation & Servic, North Little Rock, AR
Starlight Industrial Automation & Servic is a corporation located at 324 W Pershing Blvd Ste 8 in North Little Rock, Arkansas that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in June, 2020.
The company has reported itself as a Black or african american owned business, and employed at least three people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Bank of America, National Association
Starlight Industrial Automation & Servic in North Little Rock, AR received a Paycheck Protection Loan of $25,000 through Bank of America, National Association, which was approved in June, 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 April, 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, Starlight Industrial Automation & Servic's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $40,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, Starlight Industrial Automation & Servic reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - Starlight Industrial Automation & Servic in North Little Rock, AR
324 W Pershing Blvd Ste 8
North Little Rock, AR 72114
NAICS code 541330
Business Owner Demographics
Race: Black or African American
Ethnicity: Not Hispanic or Latino
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near North Little Rock
In the North Little Rock area, 9 businesses in the "Engineering Services" industry received a PPP loan. These local businesses reported an average of 7 employees (compared to this company's 3) and received an average PPP loan of $65,319 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
Holloway Engineering, Surveying And Civil Design, PLLC
Trigon Engineering Company
Belcon Steel Detailing Inc
River City Mechanical Inc
North Little Rock, AR
Millennium Utility Consultants Inc
Innovative Solutions Group Inc
Industry PPP Comparison Statistics
Nationwide, 47,152 businesses in the "Engineering Services" industry received a total of $9.19B 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 13 employees, 333% higher than Starlight Industrial Automation & Servic's reported 3 employees, and received an average PPP loan of $194,873, 679% higher than this company's loan of $25,000.
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Footnotes & Information
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