PPP Loan Data — JC Frozen Yogurt Company, Hialeah, FL
JC Frozen Yogurt Company is a corporation located at 1553 W 49th Street in Hialeah, Florida that received a Coronavirus-related PPP loan from the SBA of $24,988.00 in June, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Square Capital, LLC
JC Frozen Yogurt Company in Hialeah, FL received a Paycheck Protection Loan of $24,988 through Square Capital, LLC, which was approved in June, 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, JC Frozen Yogurt Company's 2019 payroll expenses are estimated to be at least $119,942.
Based on their reported 12 jobs retained, this equals an estimated average yearly compensation of $9,995 per employee1
Reported PPP Proceed Usage:
On the PPP application, JC Frozen Yogurt Company reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $18,741
- Utilities: $3,124
- Mortgage Interest: $3,124
Business Information - JC Frozen Yogurt Company in Hialeah, FL
1553 W 49th Street
Hialeah, FL 33012
Snack and Nonalcoholic Beverage Bars
NAICS code 722515
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Hialeah
In the Hialeah area, 9 businesses in the "Snack and Nonalcoholic Beverage Bars" industry received a PPP loan. These local businesses reported an average of 9 employees (compared to this company's 12) and received an average PPP loan of $42,071 (compared to this company's $24,988).
Similar Nearby Businesses Who Received PPP Funding:
El Palacio De Los Cakes Inc
JB Churro Company
Popping West, LLC
Vicky Bakery III Inc
Westland Desserts Inc
JB Pretzel Company
El Rey De Las Fritas Corp
Industry PPP Comparison Statistics
Nationwide, 27,681 businesses in the "Snack and Nonalcoholic Beverage Bars" industry received a total of $1.44B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 11 employees, 8% lower than JC Frozen Yogurt Company's reported 12 employees, and received an average PPP loan of $52,130, 109% higher than this company's loan of $24,988.
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Footnotes & Information
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