PPP Loan Data — Siokis Brothers Inc, Winter Garden, FL
Siokis Brothers Inc is a subchapter s corporation located at 735 South Dillard Street in Winter Garden, Florida that received a Coronavirus-related PPP loan from the SBA of $25,470.00 in May, 2020.
The company has reported itself as a female owned business, and employed at least eight people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:United Southern Bank
Siokis Brothers Inc in Winter Garden, FL received a Paycheck Protection Loan of $25,470 through United Southern Bank, which was approved in May, 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, Siokis Brothers Inc's 2019 payroll expenses are estimated to be at least $122,256.
Based on their reported 8 jobs retained, this equals an estimated average yearly compensation of $15,282 per employee1
Reported PPP Proceed Usage:
On the PPP application, Siokis Brothers Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,470
Business Information - Siokis Brothers Inc in Winter Garden, FL
735 South Dillard Street
Winter Garden, FL 34787
NAICS code 445210
Business Owner Demographics
Gender: Female Owned
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 4,261 businesses in the "Meat Markets" industry received a total of $247.79M 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 10 employees, 25% higher than Siokis Brothers Inc's reported 8 employees, and received an average PPP loan of $58,154, 128% higher than this company's loan of $25,470.
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Footnotes & Information
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