PPP Loan Data — Dairyette Plus Inc, Paducah, KY
Dairyette Plus Inc is a subchapter s corporation located at 100 S Friendship Rd in Paducah, Kentucky that received a Coronavirus-related PPP loan from the SBA of $25,377.00 in January, 2021.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:The Paducah Bank and Trust Company
Dairyette Plus Inc in Paducah, KY received a Paycheck Protection Loan of $25,377 through The Paducah Bank and Trust Company, which was approved in January, 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.
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, Dairyette Plus Inc's 2019 payroll expenses are estimated to be at least $121,810.
Based on their reported 11 jobs retained, this equals an estimated average yearly compensation of $11,074 per employee1
Reported PPP Proceed Usage:
On the PPP application, Dairyette Plus Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,373
- Utilities: $1
Business Information - Dairyette Plus Inc in Paducah, KY
100 S Friendship Rd
Paducah, KY 42003
NAICS code 722511
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Paducah
In the Paducah area, 24 businesses in the "Full-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 15 employees (compared to this company's 11) and received an average PPP loan of $75,638 (compared to this company's $25,377).
Similar Nearby Businesses Who Received PPP Funding:
Cajun Partners, LLC
TJ's Of Jackson, LLC
Trimble Restaurant, Inc
Mi Lindo Michoacan Inc
Shri Radhe Inc
M C L Corporation
Manchikanti Restaurant Management, Inc
Gulf Coast Connection Paducah LLC
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, 100% higher than Dairyette Plus Inc's reported 11 employees, and received an average PPP loan of $129,504, 410% higher than this company's loan of $25,377.
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Footnotes & Information
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