PPP Loan Data — Hole Foods LLC, Springfield, MO
Hole Foods LLC is a corporation located at S0837 in Springfield, Missouri that received a Coronavirus-related PPP loan from the SBA of $46,435.00 in April, 2020. This business is a Hurts Donut Company franchise.
The company has reported itself as a White owned business, and employed at least eighteen people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:U.S. Bank, National Association
Hole Foods LLC in Springfield, MO received a Paycheck Protection Loan of $46,435 through U.S. Bank, National Association, 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 June, 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, Hole Foods LLC's 2019 payroll expenses are estimated to be at least $222,888.
Based on their reported 18 jobs retained, this equals an estimated average yearly compensation of $12,383 per employee1
Reported PPP Proceed Usage:
On the PPP application, Hole Foods LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,435
Business Information - Hole Foods LLC in Springfield, MO
Springfield, MO 65806
NAICS code 722511
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Springfield
In the Springfield area, 138 businesses in the "Full-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 23 employees (compared to this company's 18) and received an average PPP loan of $103,713 (compared to this company's $46,435).
Similar Nearby Businesses Who Received PPP Funding:
KI Brothers K BBQ LLC
Fuji Japanese Seafood & Steakh
Canton Inn, Inc
Le Cochon, LLC
Garbo's Pizzeria, LLC
Mijuri & Silk RD Corp
Lost Signal Brewing Company, LLC
East Sunshine Fw 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, 22% higher than Hole Foods LLC's reported 18 employees, and received an average PPP loan of $129,504, 179% higher than this company's loan of $46,435.
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Footnotes & Information
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