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PPP Loan Data — Sisters Plus DBACafe Fiesta, Highland Mills, NY

SBA PPP loan data, payroll data, and salaries for Sisters Plus DBACafe Fiesta
NY

Sisters Plus DBACafe Fiesta

Entity: Subchapter S Corporation

Industry: Full-Service Restaurants

Location: Highland Mills, NY

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Sisters Plus DBACafe Fiesta is a subchapter s corporation located at 547 Route 32 in Highland Mills, New York that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in May, 2020.

The company has reported itself as a female owned business, and employed at least thirteen people during the applicable loan loan period.

$ PPP Loan Information
Loan #5262057404

Loan Size:

$25,000

Jobs Retained:

13

Loan Approved:

2020-05-12

Loan Status:

Paid in Full or Forgiven

Lender:

Hudson Valley CU

Sisters Plus DBACafe Fiesta in Highland Mills, NY received a Paycheck Protection Loan of $25,000 through Hudson Valley CU, which was approved in May, 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

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, Sisters Plus DBACafe Fiesta's 2019 payroll expenses are estimated to be at least $120,000.

Based on their reported 13 jobs retained, this equals an estimated average yearly compensation of $9,231 per employee1

Reported PPP Proceed Usage:

On the PPP application, Sisters Plus DBACafe Fiesta reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $25,000

Business Information - Sisters Plus DBACafe Fiesta in Highland Mills, NY

Sisters Plus DBACafe Fiesta
547 Route 32
Highland Mills, NY 10930

Business Industry:
Full-Service Restaurants
NAICS code 722511

Business Owner Demographics

Race: Unreported

Ethnicity: Hispanic or Latino

Gender: Female Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Orange County, NY — SBA Office 0202 — Congressional District: NY-18

Similar Companies near Highland Mills

In the Highland Mills area, 5 businesses in the "Full-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 24 employees (compared to this company's 13) and received an average PPP loan of $204,773 (compared to this company's $25,000).

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, 69% higher than Sisters Plus DBACafe Fiesta's reported 13 employees, and received an average PPP loan of $129,504, 418% higher than this company's loan of $25,000.

FederalPay's PPP Information Policy

Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan.

All information displayed on this page is publicly available information under PPP loan guidelines, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

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Footnotes & Information

1. Estimations for informational purposes only. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.

2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.


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Source: www.federalpay.org/paycheck-protection-program/sisters-plus-dbacafe-fiesta-highland-mills-ny