PPP Loan Data — Wildology LLC, Charlotte, NC
Wildology LLC is a limited liability company (LLC) located at 6416 Rea Road B9 in Charlotte, North Carolina that received a Coronavirus-related PPP loan from the SBA of $25,100.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Wildology LLC in Charlotte, NC received a Paycheck Protection Loan of $25,100 through Truliant FCU, 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, Wildology LLC's 2019 payroll expenses are estimated to be at least $120,480.
Based on their reported 8 jobs retained, this equals an estimated average yearly compensation of $15,060 per employee1
Reported PPP Proceed Usage:
On the PPP application, Wildology LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,100
Business Information - Wildology LLC in Charlotte, NC
6416 Rea Road B9
Charlotte, NC 28277
Gift, Novelty, and Souvenir Stores
NAICS code 453220
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Charlotte
In the Charlotte area, 3 businesses in the "Gift, Novelty, and Souvenir Stores" industry received a PPP loan. These local businesses reported an average of 7 employees (compared to this company's 8) and received an average PPP loan of $21,700 (compared to this company's $25,100).
Similar Nearby Businesses Who Received PPP Funding:
Wildology Waverly LLC
Casual Elegance Of NC LLC
Industry PPP Comparison Statistics
Nationwide, 17,351 businesses in the "Gift, Novelty, and Souvenir Stores" industry received a total of $573.27M 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 6 employees, 25% lower than Wildology LLC's reported 8 employees, and received an average PPP loan of $33,040, 32% higher than this company's loan of $25,100.
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Footnotes & Information
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