PPP Loan Data — Healthy Alternative, Easton, PA
Healthy Alternative is a limited liability company (LLC) located at 3812a Easton Nazareth Hwy in Easton, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $25,494.00 in January, 2021. This business is a Saladworks franchise.
The company has reported itself as a White female owned business, and employed at least eleven people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Embassy Bank for the Lehigh Valley
Healthy Alternative in Easton, PA received a Paycheck Protection Loan of $25,494 through Embassy Bank for the Lehigh Valley, 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, Healthy Alternative's 2019 payroll expenses are estimated to be at least $122,371.
Based on their reported 11 jobs retained, this equals an estimated average yearly compensation of $11,125 per employee1
Reported PPP Proceed Usage:
On the PPP application, Healthy Alternative reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,493
Business Information - Healthy Alternative in Easton, PA
3812a Easton Nazareth Hwy
Easton, PA 18045
NAICS code 722511
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 Easton
In the Easton area, 27 businesses in the "Full-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 22 employees (compared to this company's 11) and received an average PPP loan of $108,029 (compared to this company's $25,494).
Similar Nearby Businesses Who Received PPP Funding:
B&S Food International Inc
Marinellis Pizza & Italian Restaurant In
Adobo Latin Kitchen LLC
CJT Asian Cuisine
Pizza Chef Italian Restarante Pizzeria
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 Healthy Alternative's reported 11 employees, and received an average PPP loan of $129,504, 408% higher than this company's loan of $25,494.
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Footnotes & Information
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