PPP Loan Data — Grow & Yang Pj, LLC, Ogden, UT
Grow & Yang Pj, LLC is a limited liability company (LLC) located at 147 12th St. in Ogden, Utah that received a Coronavirus-related PPP loan from the SBA of $24,900.00 in May, 2020.
The company has reported itself as a male owned business, and employed at least eleven people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Mountain America FCU
Grow & Yang Pj, LLC in Ogden, UT received a Paycheck Protection Loan of $24,900 through Mountain America FCU, which was approved in May, 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, Grow & Yang Pj, LLC's 2019 payroll expenses are estimated to be at least $119,520.
Based on their reported 11 jobs retained, this equals an estimated average yearly compensation of $10,865 per employee1
Reported PPP Proceed Usage:
On the PPP application, Grow & Yang Pj, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,900
Business Information - Grow & Yang Pj, LLC in Ogden, UT
147 12th St.
Ogden, UT 84404
NAICS code 722513
Business Owner Demographics
Gender: Male Owned
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Ogden
In the Ogden area, 44 businesses in the "Limited-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 33 employees (compared to this company's 11) and received an average PPP loan of $114,290 (compared to this company's $24,900).
Similar Nearby Businesses Who Received PPP Funding:
Kcbo Enterprises, LLC
Zhangs Chinese Kitchen Gourmet Inc
Playa Del Sol Bountiful LLC
Yuan Mai 668 Inc
J.d.m. Way LLC
3-D Management Inc
South Ogden, UT
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, 91% higher than Grow & Yang Pj, LLC's reported 11 employees, and received an average PPP loan of $100,980, 306% higher than this company's loan of $24,900.
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Footnotes & Information
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