PPP Loan Data — Success Link Outreach, Independence, MO
Success Link Outreach
Entity: Professional Association
Location: Independence, MOTweet This • Search All PPP Data
Success Link Outreach is a professional association located at 401 Hocker Ter N in Independence, Missouri that received a Coronavirus-related PPP loan from the SBA of $24,907.00 in May, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:U.S. Bank, National Association
Success Link Outreach in Independence, MO received a Paycheck Protection Loan of $24,907 through U.S. Bank, National Association, which was approved in May, 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 March, 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, Success Link Outreach's 2019 payroll expenses are estimated to be at least $119,554.
Based on their reported 7 jobs retained, this equals an estimated average yearly compensation of $17,079 per employee1
Reported PPP Proceed Usage:
On the PPP application, Success Link Outreach reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,907
Business Information - Success Link Outreach in Independence, MO
401 Hocker Ter N
Independence, MO 64050
Recreational and Vacation Camps (except Campgrounds)
NAICS code 721214
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Independence
In the Independence area, 2 businesses in the "Recreational and Vacation Camps (except Campgrounds)" industry received a PPP loan. These local businesses reported an average of 5 employees (compared to this company's 7) and received an average PPP loan of $42,596 (compared to this company's $24,907).
Similar Nearby Businesses Who Received PPP Funding:
Center Place Campgrounds Inc
Industry PPP Comparison Statistics
Nationwide, 3,732 businesses in the "Recreational and Vacation Camps (except Campgrounds)" industry received a total of $563.63M 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 26 employees, 271% higher than Success Link Outreach's reported 7 employees, and received an average PPP loan of $151,027, 506% higher than this company's loan of $24,907.
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Footnotes & Information
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