PPP Loan Data — V'S Peace Love And Happy Faces, LLC, Eupora, MS
V'S Peace Love And Happy Faces, LLC is a limited liability company (LLC) located at 1241 Veterans Memorial Blvd in Eupora, Mississippi that received a Coronavirus-related PPP loan from the SBA of $46,500.00 in April, 2020.
The company has reported itself as a White female owned business, and employed at least ten people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Bank of Kilmichael
V'S Peace Love And Happy Faces, LLC in Eupora, MS received a Paycheck Protection Loan of $46,500 through Bank of Kilmichael, 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, V'S Peace Love And Happy Faces, LLC's 2019 payroll expenses are estimated to be at least $223,200.
Based on their reported 10 jobs retained, this equals an estimated average yearly compensation of $22,320 per employee1
Reported PPP Proceed Usage:
On the PPP application, V'S Peace Love And Happy Faces, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,500
Business Information - V'S Peace Love And Happy Faces, LLC in Eupora, MS
1241 Veterans Memorial Blvd
Eupora, MS 39744
Child Day Care Services
NAICS code 624410
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Female Owned
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Eupora
In the Eupora area, 5 businesses in the "Child Day Care Services" industry received a PPP loan. These local businesses reported an average of 3 employees (compared to this company's 10) and received an average PPP loan of $25,702 (compared to this company's $46,500).
Similar Nearby Businesses Who Received PPP Funding:
Community Action & Resource Development Inc
Industry PPP Comparison Statistics
Nationwide, 132,794 businesses in the "Child Day Care Services" industry received a total of $5.53B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 8 employees, 20% lower than V'S Peace Love And Happy Faces, LLC's reported 10 employees, and received an average PPP loan of $41,676, 10% lower than this company's loan of $46,500.
FederalPay's PPP Information Policy
Footnotes & Information
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