PPP Loan Data — Nikolas, LLC, Dayville, CT
Nikolas, LLC is a limited liability company (LLC) located at 541 Hartford Pike in Dayville, Connecticut that received a Coronavirus-related PPP loan from the SBA of $45,742.00 in April, 2020. This business is a Dunkin' Donuts franchise.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:StonehamBank, A Co-Operative Bank
Nikolas, LLC in Dayville, CT received a Paycheck Protection Loan of $45,742 through StonehamBank, A Co-Operative 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 May, 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, Nikolas, LLC's 2019 payroll expenses are estimated to be at least $219,562.
Based on their reported 12 jobs retained, this equals an estimated average yearly compensation of $18,297 per employee1
Reported PPP Proceed Usage:
On the PPP application, Nikolas, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $45,742
Business Information - Nikolas, LLC in Dayville, CT
541 Hartford Pike
Dayville, CT 6241
NAICS code 722513
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Dayville
In the Dayville area, 7 businesses in the "Limited-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 15 employees (compared to this company's 12) and received an average PPP loan of $81,790 (compared to this company's $45,742).
Similar Nearby Businesses Who Received PPP Funding:
KRC Enterprises LLC
Grill 445 Inc
Dekk Victoria, LLC
Golden Greek Restaurants International, Inc
Lorna Donuts LLC
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, 75% higher than Nikolas, LLC's reported 12 employees, and received an average PPP loan of $100,980, 121% higher than this company's loan of $45,742.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!