PPP Loan Data — The Maid Quarters LLC, Allen, TX
The Maid Quarters LLC
Location: Allen, TXTweet This • Search All PPP Data
The Maid Quarters LLC is a corporation located at 1711 Wheatberry Ln in Allen, Texas that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Bank of America, National Association
The Maid Quarters LLC in Allen, TX received a Paycheck Protection Loan of $25,000 through Bank of America, National Association, which was approved in May, 2020.
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, The Maid Quarters LLC's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $30,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, The Maid Quarters LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - The Maid Quarters LLC in Allen, TX
1711 Wheatberry Ln
Allen, TX 75002
All Other Leather Good and Allied Product Manufacturing
NAICS code 316998
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Allen
In the Allen area, 2 businesses in the "All Other Leather Good and Allied Product Manufacturing" industry received a PPP loan. These local businesses reported an average of 3 employees (compared to this company's 4) and received an average PPP loan of $20,080 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
Trinity Leather And Accessories, LLC
Industry PPP Comparison Statistics
Nationwide, 1,284 businesses in the "All Other Leather Good and Allied Product Manufacturing" industry received a total of $90.78M 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 8 employees, 100% higher than The Maid Quarters LLC's reported 4 employees, and received an average PPP loan of $70,698, 183% higher than this company's loan of $25,000.
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