PPP Loan Data — Chewiestick GA, LLC, Fayetteville, GA
Chewiestick GA, LLC is a subchapter s corporation located at 285 Postwood Dr in Fayetteville, Georgia that received a Coronavirus-related PPP loan from the SBA of $25,105.00 in May, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Chewiestick GA, LLC in Fayetteville, GA received a Paycheck Protection Loan of $25,105 through Quontic Bank, which was approved in May, 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 June, 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, Chewiestick GA, LLC's 2019 payroll expenses are estimated to be at least $120,504.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $60,252 per employee1
Reported PPP Proceed Usage:
On the PPP application, Chewiestick GA, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,105
Business Information - Chewiestick GA, LLC in Fayetteville, GA
285 Postwood Dr
Fayetteville, GA 30215
Surgical Appliance and Supplies Manufacturing
NAICS code 339113
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Fayetteville
In the Fayetteville area, 2 businesses in the "Surgical Appliance and Supplies Manufacturing" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 2) and received an average PPP loan of $17,703 (compared to this company's $25,105).
Similar Nearby Businesses Who Received PPP Funding:
Industry PPP Comparison Statistics
Nationwide, 2,533 businesses in the "Surgical Appliance and Supplies Manufacturing" industry received a total of $392.65M in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 14 employees, 600% higher than Chewiestick GA, LLC's reported 2 employees, and received an average PPP loan of $155,013, 517% higher than this company's loan of $25,105.
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Footnotes & Information
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