PPP Loan Data — Madison Pizza LLC, Brookfield, WI
Madison Pizza LLC is a limited liability company (LLC) located at 2491 N 124th St in Brookfield, Wisconsin that received a Coronavirus-related PPP loan from the SBA of $46,793.00 in April, 2020. This business is a Jet's Pizza franchise.
The company has reported itself as a White owned business, and employed at least 22 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Madison Pizza LLC in Brookfield, WI received a Paycheck Protection Loan of $46,793 through Oxford 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 April, 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, Madison Pizza LLC's 2019 payroll expenses are estimated to be at least $224,606.
Based on their reported 22 jobs retained, this equals an estimated average yearly compensation of $10,209 per employee1
Reported PPP Proceed Usage:
On the PPP application, Madison Pizza LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,793
Business Information - Madison Pizza LLC in Brookfield, WI
2491 N 124th St
Brookfield, WI 53005
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: N
Rural / Urban: Urban
Similar Companies near Brookfield
In the Brookfield area, 42 businesses in the "Full-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 32 employees (compared to this company's 22) and received an average PPP loan of $171,656 (compared to this company's $46,793).
Similar Nearby Businesses Who Received PPP Funding:
Restaurant Of Brookfield Inc
Florida Sunshine Vacations Inc
Marty's Brookfield, Inc
Bluemound Restaurant Corp
Rock The House Pub And Grill, Inc
Operation Eggs Brookfield, LLC
Bluemound Restaurant Corporation
Brookfield Oph, 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, the same amount reported by Madison Pizza LLC and received an average PPP loan of $129,504, 177% higher than this company's loan of $46,793.
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Footnotes & Information
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