PPP Loan Data — Court House Cafe LLC, Chesterfield, VA
Court House Cafe LLC is a limited liability company (LLC) located at 6925 Commons Plz in Chesterfield, Virginia that received a Coronavirus-related PPP loan from the SBA of $46,000.00 in April, 2020.
The company has reported itself as an Asian owned business, and employed at least twelve people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Truist Bank d/b/a Branch Banking & Trust Co
Court House Cafe LLC in Chesterfield, VA received a Paycheck Protection Loan of $46,000 through Truist Bank d/b/a Branch Banking & Trust Co, which was approved in April, 2020.
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, Court House Cafe LLC's 2019 payroll expenses are estimated to be at least $220,800.
Based on their reported 12 jobs retained, this equals an estimated average yearly compensation of $18,400 per employee1
Reported PPP Proceed Usage:
On the PPP application, Court House Cafe LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,000
Business Information - Court House Cafe LLC in Chesterfield, VA
6925 Commons Plz
Chesterfield, VA 23832
All Other Personal Services
NAICS code 812990
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Chesterfield
In the Chesterfield area, 35 businesses in the "All Other Personal Services" industry received a PPP loan. These local businesses reported an average of 3 employees (compared to this company's 12) and received an average PPP loan of $18,780 (compared to this company's $46,000).
Similar Nearby Businesses Who Received PPP Funding:
Keishla M Santiago
Little Black Lab Enterprises, Inc
Industry PPP Comparison Statistics
Nationwide, 237,729 businesses in the "All Other Personal Services" industry received a total of $5.63B in PPP loans. These businesses account for 2% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 3 employees, 75% lower than Court House Cafe LLC's reported 12 employees, and received an average PPP loan of $23,676, 49% lower than this company's loan of $46,000.
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Footnotes & Information
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