PPP Loan Data — Think Manifest Create, Lansing, IL
Think Manifest Create is a sole proprietorship located at 18318 Exchange Avenue in Lansing, Illinois that received a Coronavirus-related PPP loan from the SBA of $24,931.00 in June, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Think Manifest Create in Lansing, IL received a Paycheck Protection Loan of $24,931 through Fundbox, Inc., 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 June, 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, Think Manifest Create's 2019 payroll expenses are estimated to be at least $119,669.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $39,890 per employee1
Reported PPP Proceed Usage:
On the PPP application, Think Manifest Create reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,931
Business Information - Think Manifest Create in Lansing, IL
18318 Exchange Avenue
Lansing, IL 60438
Other Specialized Design Services
NAICS code 541490
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Lansing
In the Lansing area, 9 businesses in the "Other Specialized Design Services" industry received a PPP loan. These local businesses reported an average of 4 employees (compared to this company's 3) and received an average PPP loan of $27,010 (compared to this company's $24,931).
Similar Nearby Businesses Who Received PPP Funding:
Holiday Creations Pro Inc
Industry PPP Comparison Statistics
Nationwide, 15,734 businesses in the "Other Specialized Design Services" industry received a total of $603.75M 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 3 employees, the same amount reported by Think Manifest Create and received an average PPP loan of $38,372, 54% higher than this company's loan of $24,931.
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Footnotes & Information
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