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PPP Loan Data — 2 Sisters Inc, Honolulu, HI

SBA PPP loan data, payroll data, and salaries for 2 Sisters Inc
HI

2 Sisters Inc

Entity: Corporation

Industry: Limited-Service Restaurants

Location: Honolulu, HI

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2 Sisters Inc is a corporation located at 1221 Kapiolani Blvd in Honolulu, Hawaii that received a Coronavirus-related PPP loan from the SBA of $23,100.00 in April, 2020.

The company has reported itself as a Native hawaiian or other pacific islander owned business, and employed at least five people during the applicable loan loan period.

$ PPP Loan Information
Loan #5611227003

Loan Size:

$23,100

Jobs Retained:

5

Loan Approved:

2020-04-06

Loan Status:

Paid in Full or Forgiven

Lender:

Central Pacific Bank

2 Sisters Inc in Honolulu, HI received a Paycheck Protection Loan of $23,100 through Central Pacific 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 February, 2021.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, 2 Sisters Inc's 2019 payroll expenses are estimated to be at least $110,880.

Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $22,176 per employee1

Reported PPP Proceed Usage:

On the PPP application, 2 Sisters Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $23,100

Business Information - 2 Sisters Inc in Honolulu, HI

2 Sisters Inc
1221 Kapiolani Blvd
Honolulu, HI 96814

Business Industry:
Limited-Service Restaurants
NAICS code 722513

Business Owner Demographics

Race: Native Hawaiian or Other Pacific Islander

Ethnicity: Not Hispanic or Latino

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Honolulu County, HI — SBA Office 0951 — Congressional District: HI-01

Similar Companies near Honolulu

In the Honolulu area, 258 businesses in the "Limited-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 15 employees (compared to this company's 5) and received an average PPP loan of $97,612 (compared to this company's $23,100).

Industry PPP Comparison Statistics

Nationwide, 136,560 businesses in the "Limited-Service Restaurants" industry received a total of $13.87B 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, 320% higher than 2 Sisters Inc's reported 5 employees, and received an average PPP loan of $101,544, 340% higher than this company's loan of $23,100.

FederalPay's PPP Information Policy

Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan.

All information displayed on this page is publicly available information under PPP loan guidelines, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Estimations for informational purposes only. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.

2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.


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Source: www.federalpay.org/paycheck-protection-program/2-sisters-inc-honolulu-hi