PPP Loan Data — Blackwatch Pub LLC, Upland, CA
Blackwatch Pub LLC is a limited liability company (LLC) located at 497 N Central Ave Ste B in Upland, California that received a Coronavirus-related PPP loan from the SBA of $25,466.00 in January, 2021.
The company has reported itself as a White female owned business, and employed at least six people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Zions Bank, A Division of
Blackwatch Pub LLC in Upland, CA received a Paycheck Protection Loan of $25,466 through Zions Bank, A Division of, which was approved in January, 2021.
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, Blackwatch Pub LLC's 2019 payroll expenses are estimated to be at least $122,237.
Based on their reported 6 jobs retained, this equals an estimated average yearly compensation of $20,373 per employee1
Reported PPP Proceed Usage:
On the PPP application, Blackwatch Pub LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,465
- Utilities: $1
Business Information - Blackwatch Pub LLC in Upland, CA
497 N Central Ave Ste B
Upland, CA 91786
NAICS code 722511
Business Owner Demographics
Gender: Female Owned
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Upland
In the Upland area, 64 businesses in the "Full-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 16 employees (compared to this company's 6) and received an average PPP loan of $83,887 (compared to this company's $25,466).
Similar Nearby Businesses Who Received PPP Funding:
Bissol Enterprises, Inc
SPB Restaurant And Investment Inc
PS Mgmt Inc
Got Wings Carnitas Grill
T&S Restaurant Inc
Industry PPP Comparison Statistics
Nationwide, 328,914 businesses in the "Full-Service Restaurants" industry received a total of $42.6B in PPP loans. These businesses account for 3% of total PPP applications submitted, and received 5% of the total PPP funding allocated.
PPP recipients in this industry report an average of 22 employees, 267% higher than Blackwatch Pub LLC's reported 6 employees, and received an average PPP loan of $129,504, 409% higher than this company's loan of $25,466.
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Footnotes & Information
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