PPP Loan Data — Sara Dora Tavern Inc, Mount Dora, FL
Sara Dora Tavern Inc is a corporation located at 4060 North Hwy 19-a in Mount Dora, Florida that received a Coronavirus-related PPP loan from the SBA of $24,829.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:TD Bank, National Association
Sara Dora Tavern Inc in Mount Dora, FL received a Paycheck Protection Loan of $24,829 through TD Bank, National Association, which was approved in May, 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, Sara Dora Tavern Inc's 2019 payroll expenses are estimated to be at least $119,179.
Based on their reported 10 jobs retained, this equals an estimated average yearly compensation of $11,918 per employee1
Reported PPP Proceed Usage:
On the PPP application, Sara Dora Tavern Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,829
Business Information - Sara Dora Tavern Inc in Mount Dora, FL
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
PPP recipients in this industry report an average of 0 employees, 100% lower than Sara Dora Tavern Inc's reported 10 employees, and received an average PPP loan of $0, 100% lower than this company's loan of $24,829.
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Footnotes & Information
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