PPP Loan Data — Silantra Asian Street Kitchen LLC, Lancaster, PA
Silantra Asian Street Kitchen LLC is a limited liability company (LLC) located at 101 E King St in Lancaster, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $25,200.00 in April, 2020.
The company has reported itself as an Asian male owned business, and employed at least six people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Community First Capital Corp
Silantra Asian Street Kitchen LLC in Lancaster, PA received a Paycheck Protection Loan of $25,200 through Community First Capital Corp, 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 May, 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, Silantra Asian Street Kitchen LLC's 2019 payroll expenses are estimated to be at least $120,960.
Based on their reported 6 jobs retained, this equals an estimated average yearly compensation of $20,160 per employee1
Reported PPP Proceed Usage:
On the PPP application, Silantra Asian Street Kitchen LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,200
Business Information - Silantra Asian Street Kitchen LLC in Lancaster, PA
101 E King St
Lancaster, PA 17602
NAICS code 722511
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Lancaster
In the Lancaster area, 176 businesses in the "Full-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 23 employees (compared to this company's 6) and received an average PPP loan of $126,070 (compared to this company's $25,200).
Similar Nearby Businesses Who Received PPP Funding:
Lintia Foods And Gifts LLC
Ferndown Real Estate, LLC
201 North Queen Street Associates LLC
Harvest 3405 Inc
Mi Hacienda LLC
Richmond Square Restaurant LLC
Vladi Enterprises Inc
PJW Restaurant Holding 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, 267% higher than Silantra Asian Street Kitchen LLC's reported 6 employees, and received an average PPP loan of $129,504, 414% higher than this company's loan of $25,200.
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