PPP Loan Data — Toporowski Management, LLC, Bettendorf, IA
Toporowski Management, LLC is a limited liability company (LLC) located at 321 17th St Suite A in Bettendorf, Iowa that received a Coronavirus-related PPP loan from the SBA of $47,100.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least four people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Toporowski Management, LLC in Bettendorf, IA received a Paycheck Protection Loan of $47,100 through Byline Bank, 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 May, 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, Toporowski Management, LLC's 2019 payroll expenses are estimated to be at least $226,080.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $56,520 per employee1
Reported PPP Proceed Usage:
On the PPP application, Toporowski Management, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $47,100
Business Information - Toporowski Management, LLC in Bettendorf, IA
321 17th St Suite A
Bettendorf, IA 52722
NAICS code 523930
Business Owner Demographics
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Bettendorf
In the Bettendorf area, 8 businesses in the "Investment Advice" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 4) and received an average PPP loan of $23,544 (compared to this company's $47,100).
Similar Nearby Businesses Who Received PPP Funding:
Dream Chasers' Solutions LLC
Jbice Financial Inc
Callie L Sederquist
The Edwards Group LLC
Industry PPP Comparison Statistics
Nationwide, 32,223 businesses in the "Investment Advice" industry received a total of $1.45B 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 4 employees, the same amount reported by Toporowski Management, LLC and received an average PPP loan of $44,994, 4% lower than this company's loan of $47,100.
FederalPay's PPP Information Policy
Footnotes & Information
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