PPP Loan Data — Seltzer Goods LLC, Asheville, NC
Seltzer Goods LLC
Entity: Limited Liability Company (LLC)
Location: Asheville, NCTweet This • Search All PPP Data
Seltzer Goods LLC is a limited liability company (LLC) located at 137 Flint Street in Asheville, North Carolina that received a Coronavirus-related PPP loan from the SBA of $47,180.00 in April, 2020.
The company has reported itself as an Asian male owned business, and employed at least five people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:TD Bank, National Association
Seltzer Goods LLC in Asheville, NC received a Paycheck Protection Loan of $47,180 through TD Bank, National Association, which was approved in April, 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 April, 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, Seltzer Goods LLC's 2019 payroll expenses are estimated to be at least $226,464.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $45,293 per employee1
Reported PPP Proceed Usage:
On the PPP application, Seltzer Goods LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $47,180
Business Information - Seltzer Goods LLC in Asheville, NC
137 Flint Street
Asheville, NC 28801
Other Grocery and Related Products Merchant Wholesalers
NAICS code 424490
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Asheville
In the Asheville area, 4 businesses in the "Other Grocery and Related Products Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 10 employees (compared to this company's 5) and received an average PPP loan of $74,541 (compared to this company's $47,180).
Similar Nearby Businesses Who Received PPP Funding:
Asheville Bee Charmer LLC
Industry PPP Comparison Statistics
Nationwide, 8,316 businesses in the "Other Grocery and Related Products Merchant Wholesalers" industry received a total of $872.2M 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 12 employees, 140% higher than Seltzer Goods LLC's reported 5 employees, and received an average PPP loan of $104,882, 122% higher than this company's loan of $47,180.
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Footnotes & Information
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