PPP Loan Data — Fowler Subway, Inc, Temple Terrace, FL
Fowler Subway, Inc is a subchapter s corporation located at 5507 E. Fowler Avenue in Temple Terrace, Florida that received a Coronavirus-related PPP loan from the SBA of $46,500.00 in April, 2020. This business is a Subway franchise.
The company has reported itself as a female owned business, and employed at least ten people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Fowler Subway, Inc in Temple Terrace, FL received a Paycheck Protection Loan of $46,500 through Pilot Bank, which was approved in April, 2020.
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, Fowler Subway, Inc's 2019 payroll expenses are estimated to be at least $223,200.
Based on their reported 10 jobs retained, this equals an estimated average yearly compensation of $22,320 per employee1
Reported PPP Proceed Usage:
On the PPP application, Fowler Subway, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,500
Business Information - Fowler Subway, Inc in Temple Terrace, FL
5507 E. Fowler Avenue
Temple Terrace, FL 33617
NAICS code 722513
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Female Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Temple Terrace
In the Temple Terrace area, 45 businesses in the "Limited-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 13 employees (compared to this company's 10) and received an average PPP loan of $52,009 (compared to this company's $46,500).
Similar Nearby Businesses Who Received PPP Funding:
56Th Street Subway Inc
Prime Time Sports Grill Inc
Evos Carrollwood Tpa LLC
Six Plates Inc
Temple Terrace, FL
Eddie's Pizza #1, Inc. DBA Jet's Pizza
TML Investments LLC
Temple Terrace, FL
JRM Fresh Start, LLC
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, 110% higher than Fowler Subway, Inc's reported 10 employees, and received an average PPP loan of $100,980, 117% higher than this company's loan of $46,500.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!