PPP Loan Data — Skyline Chili, LLC, Fairfield, OH
Skyline Chili, LLC is a limited liability company (LLC) located at 4182 Thunderbird Lane in Fairfield, Ohio that received a Coronavirus-related PPP loan from the SBA of $4,401,800.00 in April, 2020. This business is a SKYLINE CHILI franchise.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Fifth Third Bank
Skyline Chili, LLC in Fairfield, OH received a Paycheck Protection Loan of $4.4M through Fifth Third Bank, which was approved in April, 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, Skyline Chili, LLC's 2019 payroll expenses are estimated to be at least $21.13M.
Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $42,257 per employee1
Reported PPP Proceed Usage:
On the PPP application, Skyline Chili, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $4,401,800
Business Information - Skyline Chili, LLC in Fairfield, OH
4182 Thunderbird Lane
Fairfield, OH 45014
NAICS code 722511
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Fairfield
In the Fairfield area, 10 businesses in the "Full-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 144 employees (compared to this company's 500) and received an average PPP loan of $1,210,036 (compared to this company's $4.4M).
Similar Nearby Businesses Who Received PPP Funding:
JJ&A Enterprises Inc
Dixie Sky Investments LLC
Thunderdome Restaurants, LLC
Fairfield Partners, Inc
Lghg Public House LLC
Westy's Unlimited Inc
Fairfield Twp, OH
Fiesta Navidena Inc. #2
Industry PPP Comparison Statistics
Nationwide, 309,041 businesses in the "Full-Service Restaurants" industry received a total of $40.93B in PPP loans. These businesses account for 3% of total PPP applications submitted, and received 6% of the total PPP funding allocated.
PPP recipients in this industry report an average of 23 employees, 95% lower than Skyline Chili, LLC's reported 500 employees, and received an average PPP loan of $132,426, 97% lower than this company's loan of $4.4M.
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Footnotes & Information
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