PPP Loan Data — ZAN LLC, Hendersonville, NC
Entity: Limited Liability Company (LLC)
Location: Hendersonville, NCTweet This • Search All PPP Data
ZAN LLC is a limited liability company (LLC) located at 1902 Haywood Road in Hendersonville, North Carolina that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in June, 2020.
The company has reported itself as an Asian male owned business, and employed at least seven people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Celtic Bank Corporation
ZAN LLC in Hendersonville, NC received a Paycheck Protection Loan of $25,000 through Celtic Bank Corporation, which was approved in June, 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, ZAN LLC's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 7 jobs retained, this equals an estimated average yearly compensation of $17,143 per employee1
Reported PPP Proceed Usage:
On the PPP application, ZAN LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $18,750
- Utilities: $3,125
- Rent: $3,125
Business Information - ZAN LLC in Hendersonville, NC
1902 Haywood Road
Hendersonville, NC 28791
All Other Miscellaneous Store Retailers (except Tobacco Stores)
NAICS code 453998
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Hendersonville
In the Hendersonville area, 17 businesses in the "All Other Miscellaneous Store Retailers (except Tobacco Stores)" industry received a PPP loan. These local businesses reported an average of 4 employees (compared to this company's 7) and received an average PPP loan of $18,392 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
Dejm Management LLC
Stop Stores LLC
The Starving Artist LLC
Karol Gebbia Lpc PLLC
Liquidation Depot Inc
Fast Bike Industries LLC
B & D Liquidations LLC
All Nations Trading LLC
The Greystone Store, Inc
Industry PPP Comparison Statistics
Nationwide, 152,436 businesses in the "All Other Miscellaneous Store Retailers (except Tobacco Stores)" industry received a total of $5.23B 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 4 employees, 43% lower than ZAN LLC's reported 7 employees, and received an average PPP loan of $34,329, 37% higher than this company's loan of $25,000.
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