PPP Loan Data — STE, LLC, Washington, DC
STE, LLC is a limited liability company (LLC) located at 455 Massachusetts Ave Nw #505 in Washington, District of Columbia 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 male owned business, and employed at least eleven people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
STE, LLC in Washington, DC received a Paycheck Protection Loan of $25,000 through Benworth Capital, 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, STE, LLC's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 11 jobs retained, this equals an estimated average yearly compensation of $10,909 per employee1
Reported PPP Proceed Usage:
On the PPP application, STE, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - STE, LLC in Washington, DC
455 Massachusetts Ave Nw #505
Washington, DC 20001
Private Mail Centers
NAICS code 561431
Business Owner Demographics
Race: Black or African American
Ethnicity: Not Hispanic or Latino
Gender: Male 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, 1,987 businesses in the "Private Mail Centers" industry received a total of $76.31M 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 6 employees, 45% lower than STE, LLC's reported 11 employees, and received an average PPP loan of $38,404, 54% higher than this company's loan of $25,000.
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Footnotes & Information
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