PPP Loan Data — Sauced Hogs LLC, Hernando, FL
Sauced Hogs LLC is a limited liability company (LLC) located at 2408 N Fatima Ave in Hernando, Florida that received a Coronavirus-related PPP loan from the SBA of $46,500.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Drummond Community Bank
Sauced Hogs LLC in Hernando, FL received a Paycheck Protection Loan of $46,500 through Drummond Community Bank, which was approved in April, 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, Sauced Hogs LLC's 2019 payroll expenses are estimated to be at least $223,200.
Based on their reported 13 jobs retained, this equals an estimated average yearly compensation of $17,169 per employee1
Reported PPP Proceed Usage:
On the PPP application, Sauced Hogs LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $37,226
- Utilities: $4,637
- Mortgage Interest: $4,637
Business Information - Sauced Hogs LLC in Hernando, FL
2408 N Fatima Ave
Hernando, FL 34442
NAICS code 722511
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Hernando
In the Hernando area, 15 businesses in the "Full-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 16 employees (compared to this company's 13) and received an average PPP loan of $70,260 (compared to this company's $46,500).
Similar Nearby Businesses Who Received PPP Funding:
Cypress Rock Inc
Jimmy T's New York Deli
Nicky B's Scop
Jimmy Ts NY Deli
Mallard Land Development Corporation, Inc
Nicky B's Scop LLC
Stumpknockers On The Square, Inc
Blue Gills LLC
Synergy 2, Inc
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, 69% higher than Sauced Hogs LLC's reported 13 employees, and received an average PPP loan of $129,504, 179% higher than this company's loan of $46,500.
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Footnotes & Information
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