PPP Loan Data — Kent Pizza Of Winsted Corp, Winsted, CT
Kent Pizza Of Winsted Corp is a subchapter s corporation located at 536 Main St in Winsted, Connecticut that received a Coronavirus-related PPP loan from the SBA of $46,100.00 in April, 2020.
The company has reported itself as a female owned business, and employed at least five people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Northwest Community Bank
Kent Pizza Of Winsted Corp in Winsted, CT received a Paycheck Protection Loan of $46,100 through Northwest Community Bank, which was approved in April, 2020.
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, Kent Pizza Of Winsted Corp's 2019 payroll expenses are estimated to be at least $221,280.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $44,256 per employee1
Reported PPP Proceed Usage:
On the PPP application, Kent Pizza Of Winsted Corp reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,100
Business Information - Kent Pizza Of Winsted Corp in Winsted, CT
536 Main St
Winsted, CT 6098
NAICS code 722511
Business Owner Demographics
Gender: Female Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Rural
Similar Companies near Winsted
In the Winsted area, 15 businesses in the "Full-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 10 employees (compared to this company's 5) and received an average PPP loan of $45,732 (compared to this company's $46,100).
Similar Nearby Businesses Who Received PPP Funding:
CMV Bistro, Inc
ABC Pizza House Of Winsted Inc
Mediterranean Foods LLC
Monaco's Ristorante Inc
Mama Pho Vietnamese Restaurant
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, 340% higher than Kent Pizza Of Winsted Corp's reported 5 employees, and received an average PPP loan of $129,504, 181% higher than this company's loan of $46,100.
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Footnotes & Information
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