PPP Loan Data — Shelleys Pike Inn Inc, Houston, PA
Shelleys Pike Inn Inc is a corporation located at 144 West Pike St in Houston, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $25,500.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least ten people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:KeyBank National Association
Shelleys Pike Inn Inc in Houston, PA received a Paycheck Protection Loan of $25,500 through KeyBank National Association, 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, Shelleys Pike Inn Inc's 2019 payroll expenses are estimated to be at least $122,400.
Based on their reported 10 jobs retained, this equals an estimated average yearly compensation of $12,240 per employee1
Reported PPP Proceed Usage:
On the PPP application, Shelleys Pike Inn Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,500
Business Information - Shelleys Pike Inn Inc in Houston, PA
144 West Pike St
Houston, PA 15342
NAICS code 722511
Business Owner Demographics
Gender: Male Owned
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Houston
In the Houston area, 2 businesses in the "Full-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 9 employees (compared to this company's 10) and received an average PPP loan of $15,808 (compared to this company's $25,500).
Similar Nearby Businesses Who Received PPP Funding:
A + Doorman, 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, 120% higher than Shelleys Pike Inn Inc's reported 10 employees, and received an average PPP loan of $129,504, 408% higher than this company's loan of $25,500.
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Footnotes & Information
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