PPP Loan Data — Wyndetryst LLC, Philadelphia, PA
Wyndetryst LLC is a limited liability company (LLC) located at 3580 Indian Queen Lane in Philadelphia, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $25,318.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Wyndetryst LLC in Philadelphia, PA received a Paycheck Protection Loan of $25,318 through Customers 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, Wyndetryst LLC's 2019 payroll expenses are estimated to be at least $121,526.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $60,763 per employee1
Reported PPP Proceed Usage:
On the PPP application, Wyndetryst LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,318
Business Information - Wyndetryst LLC in Philadelphia, PA
3580 Indian Queen Lane
Philadelphia, PA 19129
Graphic Design Services
NAICS code 541430
Business Owner Demographics
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Philadelphia
In the Philadelphia area, 10 businesses in the "Graphic Design Services" industry received a PPP loan. These local businesses reported an average of 1 employees (compared to this company's 2) and received an average PPP loan of $11,919 (compared to this company's $25,318).
Similar Nearby Businesses Who Received PPP Funding:
Studio Torres, LTD
Diona Nicole Design Studio LLC
Industry PPP Comparison Statistics
Nationwide, 41,018 businesses in the "Graphic Design Services" industry received a total of $1.08B 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 2 employees, the same amount reported by Wyndetryst LLC and received an average PPP loan of $26,275, 4% higher than this company's loan of $25,318.
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Footnotes & Information
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