PPP Loan Data — AI & Sh LLC DBA Swaye Tea, Milwaukee, WI
AI & Sh LLC DBA Swaye Tea is a limited liability company (LLC) located in Milwaukee, Wisconsin that received a Coronavirus-related PPP loan from the SBA of $14,875.00 in February, 2021.
The company has reported itself as a Black or african american female owned business, and employed at least one person during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Itria Ventures LLC
AI & Sh LLC DBA Swaye Tea in Milwaukee, WI received a Paycheck Protection Loan of $14,875 through Itria Ventures LLC, which was approved in February, 2021.
This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.
Reported PPP Proceed Usage:
On the PPP application, AI & Sh LLC DBA Swaye Tea reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $14,873
Business Information - AI & Sh LLC DBA Swaye Tea in Milwaukee, WI
* Full address is redacted to protect the privacy of individuals.
NAICS code 722513
Business Owner Demographics
Race: Black or African American
Ethnicity: Hispanic or Latino
Gender: Female Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Milwaukee
In the Milwaukee area, 44 businesses in the "Limited-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 12 employees (compared to this company's 1) and received an average PPP loan of $52,428 (compared to this company's $14,875).
Similar Nearby Businesses Who Received PPP Funding:
Sauce & Spice LLC
CFK Holdings, LLC
GH Midtown Inc
Shree Ark North LLC
Whitefish Bay, WI
Peking Chef Inc
S&Jp Foodservice, Inc
Dual Food Systems Inc
Fazzari Hospitality Group LLC
Fox Point, WI
Dr Dwag 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, 2000% higher than AI & Sh LLC DBA Swaye Tea's reported 1 employees, and received an average PPP loan of $100,980, 579% higher than this company's loan of $14,875.
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.
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.
Have FederalPay.org's open data tools been valuable? Consider donating!