PPP Loan Data — Thomas A. Schubert LLC, Albuquerque, NM
Thomas A. Schubert LLC is a limited liability company (LLC) located at 9606 Glendale Ave Ne in Albuquerque, New Mexico that received a Coronavirus-related PPP loan from the SBA of $24,922.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Bank of the West
Thomas A. Schubert LLC in Albuquerque, NM received a Paycheck Protection Loan of $24,922 through Bank of the West, 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, Thomas A. Schubert LLC's 2019 payroll expenses are estimated to be at least $119,626.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $59,813 per employee1
Reported PPP Proceed Usage:
On the PPP application, Thomas A. Schubert LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,922
Business Information - Thomas A. Schubert LLC in Albuquerque, NM
9606 Glendale Ave Ne
Albuquerque, NM 87122
NAICS code 999990
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Albuquerque
In the Albuquerque area, 15 businesses in the "Unclassified Establishments" industry received a PPP loan. These local businesses reported an average of 6 employees (compared to this company's 2) and received an average PPP loan of $35,403 (compared to this company's $24,922).
Similar Nearby Businesses Who Received PPP Funding:
Letitia Meglan Crna PC
Ninja 6 LLC
Four Seasons Enterprises LLC
N M Pursuits, Inc
Kinsman Group LLC
Roadrunner Pm LLC
Industry PPP Comparison Statistics
Nationwide, 85,647 businesses in the "Unclassified Establishments" industry received a total of $3.67B 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 10 employees, 400% higher than Thomas A. Schubert LLC's reported 2 employees, and received an average PPP loan of $42,878, 72% higher than this company's loan of $24,922.
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Footnotes & Information
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