PPP Loan Data — T & H Welding Services LLC, Church Point, LA
T & H Welding Services LLC is a limited liability company (LLC) located at 1019 Sonnier Dr in Church Point, Louisiana that received a Coronavirus-related PPP loan from the SBA of $25,225.00 in January, 2021.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Farmers State Bank & Trust Co.
T & H Welding Services LLC in Church Point, LA received a Paycheck Protection Loan of $25,225 through Farmers State Bank & Trust Co., which was approved in January, 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, T & H Welding Services LLC's 2019 payroll expenses are estimated to be at least $121,080.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $60,540 per employee1
Reported PPP Proceed Usage:
On the PPP application, T & H Welding Services LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,221
- Utilities: $1
Business Information - T & H Welding Services LLC in Church Point, LA
1019 Sonnier Dr
Church Point, LA 70525
Welding and Soldering Equipment Manufacturing
NAICS code 333992
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Rural
Similar Companies near Church Point
In the Church Point area, 4 businesses in the "Welding and Soldering Equipment Manufacturing" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 2) and received an average PPP loan of $20,636 (compared to this company's $25,225).
Similar Nearby Businesses Who Received PPP Funding:
Darrell Lebeouf Welding Service
Church Point, LA
T & H Welding Service, LLC
Church Point, LA
Industry PPP Comparison Statistics
Nationwide, 5,794 businesses in the "Welding and Soldering Equipment Manufacturing" industry received a total of $317.26M 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, 150% higher than T & H Welding Services LLC's reported 2 employees, and received an average PPP loan of $54,756, 117% higher than this company's loan of $25,225.
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Footnotes & Information
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