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Tilly’s Payday Cafe’, LLC is just a restricted obligation team (LLC) located at 100 Southern Missouri Ave in Clearwater, Florida that gotten a Coronavirus-related PPP loan through the SBA of $45,400.00 in April, 2020.
Tilly’s Payday Cafe’, LLC received a Paycheck security Loan of $45,400 through FLAGSHIP BANK, that has been authorized in April, 2020.
Centered on standard PPP eligibility rules, Tilly’s Payday Cafe’, LLC’s total 2019 payroll spending are roughly $217,920 to be able to be eligible for a the PPP loan levels gotten.
Centered on their reported 5 jobs retained, this equals an estimated typical compensation that is yearly of43,584 per worker 1 .
Comparable Companies nearby Clearwater
Within the Clearwater region, 10 organizations into the “Limited-Service Restaurants” markets received a PPP loan. These neighborhood organizations reported on average 154 workers (when compared with the corporation’s 5) and gotten A ppp loan that is average of1,059,730 (in comparison to this provider’s $45,400).
Comparable Nearby Businesses Who Received PPP Financing:
Markets PPP Contrast Data
Nationwide, 79,996 organizations when you look at the “Limited-Service Restaurants” markets received a complete of $9,671,819,152.00 in PPP loans. These firms account fully for 2% of total PPP applications presented, and gotten 2% of this PPP funding that is total allocated.
PPP recipients in this industry report on average 23 employees, 360% greater than Tilly’s Payday Cafe’, LLC’s reported 5 workers, and gotten a typical ppp loan of $120,904, 166% greater than this provider’s loan of $45,400.
FederalPay’s PPP Facts Rules
Paycheck safeguards Loan information happens to be made general general public because of the small company Administration (SBA) for several companies that are private gotten a PPP loan.
All ideas shown about this web web web page try information that is publicly available PPP loan instructions, in conformity with 5 U.S.C. В§ 552 (Freedom of data work) and 5 U.S.C. В§ 552a (the Privacy work) and it is posted unmodified, as supplied by the SBA. FederalPay will not change the info and produces no claims regarding their precision.
Any modifications or improvements for this information can just only be produced via the SBA. To learn more, please see the FederalPay PPP information rules.
Footnotes & Ideas
1. Payroll and salary quotes assume the debtor put the conventional PPP calculation of 2.5 x normal 2019 month-to-month payroll expenses to find out PPP loan eligibility. Calculation practices vary according to entity kind. Be sure to browse the official that is latest SBA PPP calculation guidelines for a complete description of PPP loan quantity calculation means.
2. If a business’s reported quantity of workers split by the utmost PPP number quantity per the SBA try higher than $100,000, the calculated optimum PPP loan gotten by the organization could be modified right down to assume a maximum of $100,000 annual wage per worker is utilized in the PPP application. While workers during the team may earn significantly more, $100k / worker was the absolute most you can use in PPP eligibility calculations.
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