PPP Loan Data — Family Billiards & Restaurant Inc, Owenton, KY
Family Billiards & Restaurant Inc is a subchapter s corporation located at 133 Madison St in Owenton, Kentucky that received a Coronavirus-related PPP loan from the SBA of $25,200.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Citizens Union Bank of Shelbyville
Family Billiards & Restaurant Inc in Owenton, KY received a Paycheck Protection Loan of $25,200 through Citizens Union Bank of Shelbyville, 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 April, 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, Family Billiards & Restaurant Inc's 2019 payroll expenses are estimated to be at least $120,960.
Based on their reported 9 jobs retained, this equals an estimated average yearly compensation of $13,440 per employee1
Reported PPP Proceed Usage:
On the PPP application, Family Billiards & Restaurant Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,200
Business Information - Family Billiards & Restaurant Inc in Owenton, KY
133 Madison St
Owenton, KY 40359
NAICS code 722511
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Owenton
In the Owenton area, 4 businesses in the "Full-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 6 employees (compared to this company's 9) and received an average PPP loan of $15,502 (compared to this company's $25,200).
Similar Nearby Businesses Who Received PPP Funding:
JAY Ganesh Deva, LLC
Mawmaw's Kitchen LLC
Bird Dogs 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, 144% higher than Family Billiards & Restaurant Inc's reported 9 employees, and received an average PPP loan of $129,504, 414% higher than this company's loan of $25,200.
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Footnotes & Information
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