PPP Loan Data — Java Station & Cafe, Toccoa, GA
Java Station & Cafe is a limited liability company (LLC) located at 125 E Doyle St in Toccoa, Georgia that received a Coronavirus-related PPP loan from the SBA of $45,800.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:United Community Bank
Java Station & Cafe in Toccoa, GA received a Paycheck Protection Loan of $45,800 through United Community Bank, 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 March, 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, Java Station & Cafe's 2019 payroll expenses are estimated to be at least $219,840.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $54,960 per employee1
Reported PPP Proceed Usage:
On the PPP application, Java Station & Cafe reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $45,800
Business Information - Java Station & Cafe in Toccoa, GA
125 E Doyle St
Toccoa, GA 30577
NAICS code 722513
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Rural
Similar Companies near Toccoa
In the Toccoa area, 4 businesses in the "Limited-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 14 employees (compared to this company's 4) and received an average PPP loan of $84,768 (compared to this company's $45,800).
Similar Nearby Businesses Who Received PPP Funding:
Brother Johns Subs Inc
BW Brands 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, 425% higher than Java Station & Cafe's reported 4 employees, and received an average PPP loan of $100,980, 120% higher than this company's loan of $45,800.
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Footnotes & Information
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