PPP Loan Data — YAV LLC, Charlotte, NC
YAV LLC is a limited liability company (LLC) located at 9009 J M Keynes Dr Ste 4 in Charlotte, North Carolina that received a Coronavirus-related PPP loan from the SBA of $46,810.00 in January, 2021.
The company has reported itself as an Asian male owned business, and employed at least eighteen people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Wells Fargo Bank, National Association
YAV LLC in Charlotte, NC received a Paycheck Protection Loan of $46,810 through Wells Fargo Bank, National Association, which was approved in January, 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, YAV LLC's 2019 payroll expenses are estimated to be at least $224,688.
Based on their reported 18 jobs retained, this equals an estimated average yearly compensation of $12,483 per employee1
Reported PPP Proceed Usage:
On the PPP application, YAV LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,808
- Utilities: $1
Business Information - YAV LLC in Charlotte, NC
9009 J M Keynes Dr Ste 4
Charlotte, NC 28262
NAICS code 722513
Business Owner Demographics
Gender: Male Owned
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, 17 businesses in the "Limited-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 9 employees (compared to this company's 18) and received an average PPP loan of $40,883 (compared to this company's $46,810).
Similar Nearby Businesses Who Received PPP Funding:
Tonys Pizza Harris Blvd
Innovative Hospitality Brands, Inc
BAE University Point Inc
Cook Out - Sugar Creek
Charlotte Main LLC
Bb&K Mallard Creek LLC
Carolina Smoothie Ventures Of Huntersville, LLC
Industry PPP Comparison Statistics
Nationwide, 137,629 businesses in the "Limited-Service Restaurants" industry received a total of $13.9B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 2% of the total PPP funding allocated.
PPP recipients in this industry report an average of 21 employees, 17% higher than YAV LLC's reported 18 employees, and received an average PPP loan of $100,980, 116% higher than this company's loan of $46,810.
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Footnotes & Information
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