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PPP Loan Data — Skippys Gyos V Inc,
Warrenville, IL
Skippys Gyos V Inc
Entity: Corporation
Industry: Full-Service Restaurants
Location: Warrenville, IL
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Skippys Gyos V Inc is a corporation located at 4405 Winfield Rd in Warrenville, Illinois that received a Coronavirus-related PPP loan from the SBA of $59,104.00 in January, 2021.
The company has reported itself as a White male owned business, and employed at least eight people during the applicable loan loan period.
$
PPP Loan Information
Loan #4649188306
Loan Size:
Jobs Retained:
8Loan Approved:
2021-01-23Loan Status:
Paid in Full or ForgivenLender:
The Huntington National BankSkippys Gyos V Inc in Warrenville, IL received a Paycheck Protection Loan of $59,104 through The Huntington National Bank, which was approved in January, 2021.
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 November, 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 MoreUnderstanding 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 MoreBased 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, Skippys Gyos V Inc's 2019 payroll expenses are estimated to be at least $283,699.
Based on their reported 8 jobs retained, this equals an estimated average yearly compensation of $35,462 per employee1
Reported PPP Proceed Usage:
On the PPP application, Skippys Gyos V Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $59,101
- Utilities: $1
Business Information - Skippys Gyos V Inc in Warrenville, IL
4405 Winfield Rd
Warrenville, IL 60555
Business Industry:
Full-Service Restaurants
NAICS code 722511
Business Owner Demographics
Race: White
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Similar Companies near Warrenville
In the Warrenville area, 16 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 8) and received an average PPP loan of $156,796 (compared to this company's $59,104).
Similar Nearby Businesses Who Received PPP Funding:
Tortilla Flatz
Sugar Grove, IL
28351 Diehl Road Co
Warrenville, IL
King Wok 47 Inc
Sugar Grove, IL
Montri Corp
Warrenville, IL
Hardware Restaurant LLC
Sugar Grove, IL
CJm. Inc
Sugar Grove, IL
1205 Bridge St, Inc
Yorkville, IL
Janie B's Of Sugar Grove, Inc
Sugar Grove, IL
Industry PPP Comparison Statistics
Nationwide, 326,480 businesses in the "Full-Service Restaurants" industry received a total of $42.51B 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, 175% higher than Skippys Gyos V Inc's reported 8 employees, and received an average PPP loan of $130,209, 120% higher than this company's loan of $59,104.
Skippys Gyos V Inc
Entity: Corporation
Industry: Limited-Service Restaurants
Location: Warrenville, IL
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Skippys Gyos V Inc is a corporation located at 4405 Winfield Rd in Warrenville, Illinois that received a Coronavirus-related PPP loan from the SBA of $42,217.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least seven people during the applicable loan loan period.
$
PPP Loan Information
Loan #3933507106
Loan Size:
Jobs Retained:
7Loan Approved:
2020-04-12Loan Status:
Paid in Full or ForgivenLender:
The Huntington National BankSkippys Gyos V Inc in Warrenville, IL received a Paycheck Protection Loan of $42,217 through The Huntington National Bank, 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 November, 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 MoreUnderstanding 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 MoreBased 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, Skippys Gyos V Inc's 2019 payroll expenses are estimated to be at least $202,642.
Based on their reported 7 jobs retained, this equals an estimated average yearly compensation of $28,949 per employee1
Reported PPP Proceed Usage:
On the PPP application, Skippys Gyos V Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $42,217
Business Information - Skippys Gyos V Inc in Warrenville, IL
4405 Winfield Rd
Warrenville, IL 60555
Business Industry:
Limited-Service Restaurants
NAICS code 722513
Business Owner Demographics
Race: White
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Similar Companies near Warrenville
In the Warrenville area, 16 businesses in the "Limited-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 9 employees (compared to this company's 7) and received an average PPP loan of $32,330 (compared to this company's $42,217).
Similar Nearby Businesses Who Received PPP Funding:
Shivaam LLC
Warrenville, IL
Skenderie Semovska
Sugar Grove, IL
Warrenville BP Donuts Inc
Warrenville, IL
Rosati's Of Warrenville, Inc
Warrenville, IL
Fresh Sub & Salad Inc
Sugar Grove, IL
King Wok 47
Sugar Grove, IL
AL's Pizza, Inc
Warrenville, IL
Hari Donuts Sugar Grove Inc
Sugar Grove, IL
Kerime Arullaj
Sugar Grove, IL
Industry PPP Comparison Statistics
Nationwide, 136,560 businesses in the "Limited-Service Restaurants" industry received a total of $13.87B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 2% of the total PPP funding allocated.
PPP recipients in this industry report an average of 21 employees, 200% higher than Skippys Gyos V Inc's reported 7 employees, and received an average PPP loan of $101,544, 141% higher than this company's loan of $42,217.
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.
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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