PPP Loan Data — Sellia Corporation, Spencer, MA
Sellia Corporation is a corporation located at 8 Lake St in Spencer, Massachusetts that received a Coronavirus-related PPP loan from the SBA of $2,865,400.00 in April, 2020.
$ PPP Loan Information
Jobs Retained:0 Unreported
Sellia Corporation in Spencer, MA received a Paycheck Protection Loan of $2.87M through CORNERSTONE BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Sellia Corporation's total 2019 payroll expenses were approximately $13.75M in order to qualify for the PPP loan amount received.
Unlike most businesses, Sellia Corporation's PPP data does not report the number of jobs retained by their receipt of the Paycheck Protection Loan (some banks did not release this infomation from their loan applications). Without this data, per-employee payrolls for this company cannot be estimated.
Business Information - Sellia Corporation in Spencer, MA
8 Lake St
Spencer, MA 01562
Limited-Service Restaurants (NAICS code 722513)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: MA-02
Similar Companies near Spencer
In the Spencer area, 6 businesses in the "Limited-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 7 employees (compared to this company's 0) and received an average PPP loan of $533,417 (compared to this company's $2.87M).
Similar Nearby Businesses Who Received PPP Funding:
Spencer Donuts Inc
Siotis Enterprises, Inc
Spencer Pizza House, Inc
T. Agia Maria, Inc.
South Lancaster, MA
Disho Food Service Corp.
Industry PPP Comparison Statistics
Nationwide, 79,996 businesses in the "Limited-Service Restaurants" industry received a total of $9,671,819,152.00 in PPP loans. These businesses account for 2% of total PPP applications submitted, and received 2% of the total PPP funding allocated.
PPP recipients in this industry report an average of 23 employees, and received an average PPP loan of $120,904, 96% lower than this company's loan of $2.87M.
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Footnotes & Information
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