PPP Loan Data — Shuman Ventures Inc, Bloomsburg, PA
Shuman Ventures Inc is a corporation located at 511 Neufer Hill Rd in Bloomsburg, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $25,138.00 in August, 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:Ongoing Loan
Lender:Service 1st FCU
Shuman Ventures Inc in Bloomsburg, PA received a Paycheck Protection Loan of $25,138 through Service 1st FCU, which was approved in August, 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, Shuman Ventures Inc's 2019 payroll expenses are estimated to be at least $120,662.
Based on their reported 9 jobs retained, this equals an estimated average yearly compensation of $13,407 per employee1
Reported PPP Proceed Usage:
On the PPP application, Shuman Ventures Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,138
Business Information - Shuman Ventures Inc in Bloomsburg, PA
511 Neufer Hill Rd
Bloomsburg, PA 17815
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 Bloomsburg
In the Bloomsburg area, 53 businesses in the "Full-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 66 employees (compared to this company's 9) and received an average PPP loan of $324,564 (compared to this company's $25,138).
Similar Nearby Businesses Who Received PPP Funding:
QSL Enterprise, LTD
Main Street Development
K Investments Cafe LLC
Playa Cancun Mexican Restaurant, Inc
Jp's Deli, LLC
K Investments Limited
Thats Amore Italian Restaurant & Pizzeria, LLC
Three-O-Nine Associates, 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, 144% higher than Shuman Ventures Inc's reported 9 employees, and received an average PPP loan of $129,504, 415% higher than this company's loan of $25,138.
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Footnotes & Information
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