PPP Loan Data — The Pilotlight LLC, Haines, AK
The Pilotlight LLC is a limited liability company (LLC) located at Po Box 1434 in Haines, Alaska that received a Coronavirus-related PPP loan from the SBA of $25,182.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:First National Bank Alaska
The Pilotlight LLC in Haines, AK received a Paycheck Protection Loan of $25,182 through First National Bank Alaska, which was approved in April, 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 Pilotlight LLC's 2019 payroll expenses are estimated to be at least $120,874.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $60,437 per employee1
Reported PPP Proceed Usage:
On the PPP application, The Pilotlight LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $21,182
- Rent: $4,000
Business Information - The Pilotlight LLC in Haines, AK
Po Box 1434
Haines, AK 99827
NAICS code 722511
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Haines
In the Haines area, 6 businesses in the "Full-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 7 employees (compared to this company's 2) and received an average PPP loan of $29,077 (compared to this company's $25,182).
Similar Nearby Businesses Who Received PPP Funding:
Bamboo Room Restaurant, Inc
33 Mile Roadhouse, LLC
Miki Atkins LLC
Industry PPP Comparison Statistics
Nationwide, 328,914 businesses in the "Full-Service Restaurants" industry received a total of $42.6B in PPP loans. These businesses account for 3% of total PPP applications submitted, and received 5% of the total PPP funding allocated.
PPP recipients in this industry report an average of 22 employees, 1000% higher than The Pilotlight LLC's reported 2 employees, and received an average PPP loan of $129,504, 414% higher than this company's loan of $25,182.
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Footnotes & Information
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