PPP Loan Data — Chrishelle Organization LPSuarez Enterprises, Inc./Csd Orga, Lititz, PA
Chrishelle Organization LPSuarez Enterprises, Inc./Csd Orga is a subchapter s corporation located at 826 Woodfield Drive in Lititz, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $1,690,800.00 in April, 2020.
The company has reported itself as a female owned business, and employed at least 379 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:First National Bank of Pennsylvania
Chrishelle Organization LPSuarez Enterprises, Inc./Csd Orga in Lititz, PA received a Paycheck Protection Loan of $1.69M through First National Bank of Pennsylvania, 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 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, Chrishelle Organization LPSuarez Enterprises, Inc./Csd Orga's 2019 payroll expenses are estimated to be at least $8.12M.
Based on their reported 379 jobs retained, this equals an estimated average yearly compensation of $21,414 per employee1
Reported PPP Proceed Usage:
On the PPP application, Chrishelle Organization LPSuarez Enterprises, Inc./Csd Orga reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,690,800
Business Information - Chrishelle Organization LPSuarez Enterprises, Inc./Csd Orga in Lititz, PA
826 Woodfield Drive
Lititz, PA 17543
NAICS code 722513
Business Owner Demographics
Gender: Female Owned
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Lititz
In the Lititz area, 15 businesses in the "Limited-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 37 employees (compared to this company's 379) and received an average PPP loan of $161,863 (compared to this company's $1.69M).
Similar Nearby Businesses Who Received PPP Funding:
922 Columbia Ave Copper Cup LLC
Vitos Roma Pizza Inc
Presto Lititz LLC
Bloomfield Lc LLC Little Caesars
Carini Enterprises Inc
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, 94% lower than Chrishelle Organization LPSuarez Enterprises, Inc./Csd Orga's reported 379 employees, and received an average PPP loan of $100,980, 94% lower than this company's loan of $1.69M.
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Footnotes & Information
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