PPP Loan Data — Juicilicious Inc, Salem, NH
Juicilicious Inc is a partnership located at 22 South Broadway in Salem, New Hampshire that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:TD Bank, National Association
Juicilicious Inc in Salem, NH received a Paycheck Protection Loan of $25,000 through TD 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, Juicilicious Inc's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 7 jobs retained, this equals an estimated average yearly compensation of $17,143 per employee1
Reported PPP Proceed Usage:
On the PPP application, Juicilicious Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - Juicilicious Inc in Salem, NH
22 South Broadway
Salem, NH 3079
NAICS code 722513
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Salem
In the Salem area, 26 businesses in the "Limited-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 20 employees (compared to this company's 7) and received an average PPP loan of $86,608 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
CEW Enterprises Of Salem Corp
Pleasant Street Doughnut LLC
C&A Restaurant Group LLC
Twin Coast Enterprises, Inc
G Xie Corporation DBA Umi Of Japan
JAY Gee's Salem LLC
Stiles Road Donuts LLC
FNF Food Corporation
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, 200% higher than Juicilicious Inc's reported 7 employees, and received an average PPP loan of $100,980, 304% higher than this company's loan of $25,000.
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Footnotes & Information
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