PPP Loan Data — Threads Of Serenity LLC, Greensboro, NC
Threads Of Serenity LLC is a sole proprietorship located at 3005 Kings Pond Rd in Greensboro, North Carolina that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in April, 2020.
The company has reported itself as a female owned business, and employed at least three people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Threads Of Serenity LLC in Greensboro, NC received a Paycheck Protection Loan of $25,000 through WebBank, which was approved in April, 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, Threads Of Serenity LLC's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $40,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, Threads Of Serenity LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - Threads Of Serenity LLC in Greensboro, NC
3005 Kings Pond Rd
Greensboro, NC 27407
Clothing Accessories Stores
NAICS code 448150
Business Owner Demographics
Gender: Female Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Greensboro
In the Greensboro area, 8 businesses in the "Clothing Accessories Stores" 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 $20,400 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
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Industry PPP Comparison Statistics
Nationwide, 20,469 businesses in the "Clothing Accessories Stores" industry received a total of $524.92M 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 Threads Of Serenity LLC and received an average PPP loan of $25,645, 3% higher than this company's loan of $25,000.
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Footnotes & Information
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