PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Remember The Ice Cream LTD, San Antonio, TX

ALERT: There are 2 PPP loans for a total of $59,282 in our database for businesses with the name "Remember The Ice Cream LTD" in San Antonio, TX. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for Remember The Ice Cream LTD

FRANCHISE

TX

Remember The Ice Cream LTD

Entity: Partnership

Industry: Snack and Nonalcoholic Beverage Bars

Franchise: Ben & Jerry's

Location: San Antonio, TX

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Remember The Ice Cream LTD is a partnership located at 111 W Crockett St Ste 207 in San Antonio, Texas that received a Coronavirus-related PPP loan from the SBA of $34,324.00 in February, 2021. This business is a Ben & Jerry's franchise.

The company has reported itself as a White male owned business, and employed at least six people during the applicable loan loan period.

$ PPP Loan Information
Loan #8432698401

Loan Size:

$34,324

Jobs Retained:

6

Loan Approved:

2021-02-13

Loan Status:

Ongoing Loan

Lender:

Cross River Bank

Remember The Ice Cream LTD in San Antonio, TX received a Paycheck Protection Loan of $34,324 through Cross River Bank, which was approved in February, 2021.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, Remember The Ice Cream LTD's 2019 payroll expenses are estimated to be at least $164,755.

Based on their reported 6 jobs retained, this equals an estimated average yearly compensation of $27,459 per employee1

Reported PPP Proceed Usage:

On the PPP application, Remember The Ice Cream LTD reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $34,320
  • Utilities: $1

Business Information - Remember The Ice Cream LTD in San Antonio, TX

Remember The Ice Cream LTD
111 W Crockett St Ste 207
San Antonio, TX 78205

Business Industry:
Snack and Nonalcoholic Beverage Bars
NAICS code 722515

Business Owner Demographics

Race: White

Ethnicity: Not Hispanic or Latino

Gender: Male Owned

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: Y

Rural / Urban: Urban

Bexar County, TX — SBA Office 0681 — Congressional District: TX-35

Similar Companies near San Antonio

In the San Antonio area, 8 businesses in the "Snack and Nonalcoholic Beverage Bars" industry received a PPP loan. These local businesses reported an average of 9 employees (compared to this company's 6) and received an average PPP loan of $46,320 (compared to this company's $34,324).

Industry PPP Comparison Statistics

Nationwide, 27,681 businesses in the "Snack and Nonalcoholic Beverage Bars" industry received a total of $1.44B 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 11 employees, 83% higher than Remember The Ice Cream LTD's reported 6 employees, and received an average PPP loan of $52,130, 52% higher than this company's loan of $34,324.

SBA PPP loan data, payroll data, and salaries for Remember The Ice Cream! LTD
TX

Remember The Ice Cream! LTD

Entity: Partnership

Industry: All Other Miscellaneous Store Retailers (except Tobacco Stores)

Location: San Antonio, TX

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Remember The Ice Cream! LTD is a partnership located at 111 W Crockett St 207 Ben & Jerry's - Riverwalk South Bank in San Antonio, Texas that received a Coronavirus-related PPP loan from the SBA of $24,958.00 in April, 2020.

$ PPP Loan Information
Loan #7492947307

Loan Size:

$24,958

Jobs Retained:

9

Loan Approved:

2020-04-30

Loan Status:

Ongoing Loan

Lender:

Truist Bank d/b/a Branch Banking & Trust Co

Remember The Ice Cream! LTD in San Antonio, TX received a Paycheck Protection Loan of $24,958 through Truist Bank d/b/a Branch Banking & Trust Co, which was approved in April, 2020.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, Remember The Ice Cream! LTD's 2019 payroll expenses are estimated to be at least $119,798.

Based on their reported 9 jobs retained, this equals an estimated average yearly compensation of $13,311 per employee1

Reported PPP Proceed Usage:

On the PPP application, Remember The Ice Cream! LTD reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $24,958

Business Information - Remember The Ice Cream! LTD in San Antonio, TX

Remember The Ice Cream! LTD
111 W Crockett St 207 Ben & Jerry's - Riverwalk South Bank
San Antonio, TX 78205

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Bexar County, TX — SBA Office 0681 — Congressional District: TX-35

Similar Companies near San Antonio

In the San Antonio area, 11 businesses in the "All Other Miscellaneous Store Retailers (except Tobacco Stores)" industry received a PPP loan. These local businesses reported an average of 8 employees (compared to this company's 9) and received an average PPP loan of $30,881 (compared to this company's $24,958).

Industry PPP Comparison Statistics

Nationwide, 152,436 businesses in the "All Other Miscellaneous Store Retailers (except Tobacco Stores)" industry received a total of $5.23B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.

PPP recipients in this industry report an average of 4 employees, 56% lower than Remember The Ice Cream! LTD's reported 9 employees, and received an average PPP loan of $34,329, 38% higher than this company's loan of $24,958.

FederalPay's PPP Information Policy

Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan.

All information displayed on this page is publicly available information under PPP loan guidelines, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Estimations for informational purposes only. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.

2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.


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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/remember-the-ice-cream-ltd-san-antonio-tx