PPP Loan Data — Solz Inc. DBA The Speakeasy Tavern, Greensboro, NC
Solz Inc. DBA The Speakeasy Tavern is a corporation located at 1706 Battleground Ave in Greensboro, North Carolina that received a Coronavirus-related PPP loan from the SBA of $25,200.00 in April, 2020.
The company has reported itself as a female owned business, and employed at least seven people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:First National Bank of Pennsylvania
Solz Inc. DBA The Speakeasy Tavern in Greensboro, NC received a Paycheck Protection Loan of $25,200 through First National Bank of Pennsylvania, 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 May, 2021.
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, Solz Inc. DBA The Speakeasy Tavern's 2019 payroll expenses are estimated to be at least $120,960.
Based on their reported 7 jobs retained, this equals an estimated average yearly compensation of $17,280 per employee1
Reported PPP Proceed Usage:
On the PPP application, Solz Inc. DBA The Speakeasy Tavern reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,200
Business Information - Solz Inc. DBA The Speakeasy Tavern in Greensboro, NC
1706 Battleground Ave
Greensboro, NC 27408
All Other Business Support Services
NAICS code 561499
Business Owner Demographics
Gender: Female Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Greensboro
In the Greensboro area, 50 businesses in the "All Other Business Support Services" industry received a PPP loan. These local businesses reported an average of 10 employees (compared to this company's 7) and received an average PPP loan of $103,215 (compared to this company's $25,200).
Similar Nearby Businesses Who Received PPP Funding:
Southeastern Agency Group, Inc
Camford Inc DBA Tap Room
Sandhill Construction, Inc
Neal Agency LLC
DC Publishing, Inc
Industry PPP Comparison Statistics
Nationwide, 53,190 businesses in the "All Other Business Support Services" industry received a total of $2.63B 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 6 employees, 14% lower than Solz Inc. DBA The Speakeasy Tavern's reported 7 employees, and received an average PPP loan of $49,465, 96% higher than this company's loan of $25,200.
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Footnotes & Information
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