PPP Loan Data — Mini-Food Stores, Inc, Macon, GA
Mini-Food Stores, Inc is a corporation located at 508 Hillcrest Industrial Blvd in Macon, Georgia that received a Coronavirus-related PPP loan from the SBA of $25,400.00 in July, 2020.
The company has reported itself as a White male owned business, and employed at least four people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Mini-Food Stores, Inc in Macon, GA received a Paycheck Protection Loan of $25,400 through Renasant Bank, which was approved in July, 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, Mini-Food Stores, Inc's 2019 payroll expenses are estimated to be at least $121,920.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $30,480 per employee1
Reported PPP Proceed Usage:
On the PPP application, Mini-Food Stores, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,400
Business Information - Mini-Food Stores, Inc in Macon, GA
508 Hillcrest Industrial Blvd
Macon, GA 31204
Gasoline Stations with Convenience Stores
NAICS code 447110
Business Owner Demographics
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Macon
In the Macon area, 11 businesses in the "Gasoline Stations with Convenience Stores" industry received a PPP loan. These local businesses reported an average of 3 employees (compared to this company's 4) and received an average PPP loan of $14,043 (compared to this company's $25,400).
Similar Nearby Businesses Who Received PPP Funding:
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HR 24 Enterprise Inc
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Industry PPP Comparison Statistics
Nationwide, 45,026 businesses in the "Gasoline Stations with Convenience Stores" industry received a total of $2.06B 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 10 employees, 150% higher than Mini-Food Stores, Inc's reported 4 employees, and received an average PPP loan of $45,821, 80% higher than this company's loan of $25,400.
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Footnotes & Information
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