PPP Loan Data — Smoothiesorg, Inc, Charlotte, NC
Smoothiesorg, Inc is a subchapter s corporation located at 9605 N. Tryon St, Suite V in Charlotte, North Carolina that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least two people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:First Home Bank
Smoothiesorg, Inc in Charlotte, NC received a Paycheck Protection Loan of $25,000 through First Home 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, Smoothiesorg, Inc's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $60,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, Smoothiesorg, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - Smoothiesorg, Inc in Charlotte, NC
9605 N. Tryon St, Suite V
Charlotte, NC 28262
Snack and Nonalcoholic Beverage Bars
NAICS code 722515
Business Owner Demographics
Gender: Male Owned
Veteran Status: Non-Veteran
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Charlotte
In the Charlotte area, 5 businesses in the "Snack and Nonalcoholic Beverage Bars" industry received a PPP loan. These local businesses reported an average of 4 employees (compared to this company's 2) and received an average PPP loan of $28,607 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
Boba & Chill Corporation
Industry PPP Comparison Statistics
Nationwide, 27,681 businesses in the "Snack and Nonalcoholic Beverage Bars" industry received a total of $1.44B 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 11 employees, 450% higher than Smoothiesorg, Inc's reported 2 employees, and received an average PPP loan of $52,130, 109% higher than this company's loan of $25,000.
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Footnotes & Information
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