PPP Loan Data — SDH Enterprize, Arlington, VT
SDH Enterprize is a subchapter s corporation located at 5403 Rt 7a in Arlington, Vermont that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in May, 2020.
The company has reported itself as a White male owned business, and employed at least nine people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
SDH Enterprize in Arlington, VT received a Paycheck Protection Loan of $25,000 through Berkshire Bank, which was approved in May, 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, SDH Enterprize's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 9 jobs retained, this equals an estimated average yearly compensation of $13,333 per employee1
Reported PPP Proceed Usage:
On the PPP application, SDH Enterprize reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - SDH Enterprize in Arlington, VT
5403 Rt 7a
Arlington, VT 5250
NAICS code 722511
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Arlington
In the Arlington area, 4 businesses in the "Full-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 29 employees (compared to this company's 9) and received an average PPP loan of $242,393 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
Church Street Hospitality Inc
Sierra Enterprises Inc
Up For Breakfast LLC
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, 144% higher than SDH Enterprize's reported 9 employees, and received an average PPP loan of $129,504, 418% higher than this company's loan of $25,000.
FederalPay's PPP Information Policy
Footnotes & Information
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