Payday Partners, Inc. received a Paycheck Protection Loan of $57,300 through LEADING BANK, that was authorized in 2020 april.

Payday Partners, Inc. received a Paycheck Protection Loan of $57,300 through LEADING BANK, that was authorized in 2020 april.

Predicated on standard PPP eligibility guidelines, Payday Partners, Inc.’s total 2019 payroll costs had been roughly $275,040 so that you can be eligible for a the PPP loan amount received.

Centered on their reported 10 jobs retained, this equals an estimated average yearly payment of $27,504 per worker 1 )

Company Suggestions – Payday Partners, Inc. in Dubuque, IA

Company Industry

Company Owner Demographics

Race / Ethnicity Unreported

Gender Unreported

Veteran Reputation Unreported

Congressional District IA-01

Comparable Organizations near Dubuque

Within the Dubuque area, 3 organizations when you l k at the “all the Nondepository Credit Intermediation” industry received a PPP loan. These neighborh d companies reported on average 5 workers (when compared with this provider’s 10) and received an typical PPP loan of $25,100 (in comparison to this provider’s $57,300).

Similar Nearby Businesses Who Received PPP Funding

Robey LLC Dubuque, IA

Tony’s Jewelry & Loan, Inc. Dubuque, IA

Industry PPP Comparison Statistics

Nationwide, 2,102 companies within the “all the other Nondepository Credit Intermediation” industry received an overall total of $210,818,806.00 in PPP loans. These lenders take into account 0% of total PPP applications presented, and received 0% associated with PPP funding that is total allocated.

PPP recipients in this industry report on average 8 workers, 20% less than Payday Partners, Inc.’s reported 10 employees, and received an PPP loan that is average of100,294, 75% greater than this business’s loan of $57,300.

FederalPay’s PPP Information Policy

Paycheck Protection Loan information happens to be made public because of the small company Administration (SBA) for several personal businesses that received a PPP loan.

All information exhibited about this web page is publicly available information under PPP loan tips, in conformity with 5 U.S.C. В§ 552 (Freedom of data Act) and 5 U.S.C. В§ 552a (the Privacy Act) and it is posted unmodified, as supplied by the SBA. FederalPay doesn’t alter the info and makes no claims regarding its precision.

Any modifications or alterations to this information can simply be manufactured through the SBA. To learn more, please see the FederalPay PPP Data Policy.

F tnotes & Suggestions

1. Payroll and wage quotes assume the borrower utilized the typical PPP calculation of 2.5 x normal 2019 payroll that is monthly to ascertain PPP loan eligibility. Calculation practices differ centered on entity kind. Please browse the latest official SBA PPP calculation rules for a complete description of PPP loan quantity calculation techniques.

2. If a business’s reported quantity cash loan quick Virginia of workers divided by the maximum PPP range quantity per the SBA is higher than $100,000, the predicted optimum PPP loan gotten by the organization may be adjusted down seriously to assume a maximum of $100,000 annual wage per worker had been utilized in the PPP application. While workers during the business may earn much more, $/ that are 100k is the most you can use in PPP eligibility calculations.

What exactly is a quick payday loan?

Pay day loan is generally known as a revolving commercial collection agency agency, nonetheless it can make reference to it as any company. It often relates to a ongoing business that offers bank cards along with other services and products to customers to earn some cash by billing interest regarding the loans they have.

Nonetheless, they’re also known as an “online payday lender” because it does not need to pay any interest in the loan. If you have compensated the main and interest associated with loan, you get the total amount regarding the loan which you lent into the business.

You might also obtain the possibility to move your balance from the ongoing business up to a bank or even to a charge card business. The company also offers additional options to get rid of the debt in some cases.

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