PPP Loan Data — VON Patton LLC, Prentiss, MS
VON Patton LLC
Entity: Limited Liability Company (LLC)
Location: Prentiss, MSTweet This • Search All PPP Data
VON Patton LLC is a limited liability company (LLC) located at 2218 Columbia Ave in Prentiss, Mississippi that received a Coronavirus-related PPP loan from the SBA of $25,400.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
VON Patton LLC in Prentiss, MS received a Paycheck Protection Loan of $25,400 through Peoples Bank, 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, VON Patton LLC's 2019 payroll expenses are estimated to be at least $121,920.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $30,480 per employee1
Reported PPP Proceed Usage:
On the PPP application, VON Patton LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,400
Business Information - VON Patton LLC in Prentiss, MS
2218 Columbia Ave
Prentiss, MS 39474
Medical, Dental, and Hospital Equipment and Supplies Merchant Wholesalers
NAICS code 423450
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: Y
Rural / Urban: Rural
Industry PPP Comparison Statistics
Nationwide, 14,443 businesses in the "Medical, Dental, and Hospital Equipment and Supplies Merchant Wholesalers" industry received a total of $1.42B 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 9 employees, 125% higher than VON Patton LLC's reported 4 employees, and received an average PPP loan of $98,382, 287% higher than this company's loan of $25,400.
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Footnotes & Information
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