PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Sp5Star LLC, Warner Robins, GA

ALERT: There are 2 PPP loans for a total of $64,415 in our database for businesses with the name "Sp5Star LLC" in Warner Robins, GA. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for Sp5Star LLC

FRANCHISE

GA

Sp5Star LLC

Entity: Limited Liability Company (LLC)

Industry: Ice Cream and Frozen Dessert Manufacturing

Franchise: Sweet Charlie's

Location: Warner Robins, GA

Search All PPP Data

Sp5Star LLC is a limited liability company (LLC) located at 1117 State Route 96 114 in Warner Robins, Georgia that received a Coronavirus-related PPP loan from the SBA of $39,415.00 in February, 2021. This business is a Sweet Charlie's franchise.

The company has reported itself as an Asian male owned business, and employed at least fifteen people during the applicable loan loan period.

$ PPP Loan Information
Loan #4427048500

Loan Size:

$39,415

Jobs Retained:

15

Loan Approved:

2021-02-25

Loan Status:

Ongoing Loan

Lender:

Transportation Alliance Bank, Inc. d/b/a TAB Bank, Inc.

Sp5Star LLC in Warner Robins, GA received a Paycheck Protection Loan of $39,415 through Transportation Alliance Bank, Inc. d/b/a TAB Bank, Inc., which was approved in February, 2021.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

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, Sp5Star LLC's 2019 payroll expenses are estimated to be at least $189,192.

Based on their reported 15 jobs retained, this equals an estimated average yearly compensation of $12,613 per employee1

Reported PPP Proceed Usage:

On the PPP application, Sp5Star LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $39,413
  • Utilities: $1

Business Information - Sp5Star LLC in Warner Robins, GA

Sp5Star LLC
1117 State Route 96 114
Warner Robins, GA 31088

Business Industry:
Ice Cream and Frozen Dessert Manufacturing
NAICS code 311520

Business Owner Demographics

Race: Asian

Ethnicity: Unreported

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

Houston County, GA — SBA Office 0405 — Congressional District: GA-08

Similar Companies near Warner Robins

In the Warner Robins area, 2 businesses in the "Ice Cream and Frozen Dessert Manufacturing" industry received a PPP loan. These local businesses reported an average of 8 employees (compared to this company's 15) and received an average PPP loan of $30,124 (compared to this company's $39,415).

Similar Nearby Businesses Who Received PPP Funding:

Angela Bruemmer
Warner Robins, GA

$20,832 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 2,071 businesses in the "Ice Cream and Frozen Dessert Manufacturing" industry received a total of $121.3M 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 12 employees, 20% lower than Sp5Star LLC's reported 15 employees, and received an average PPP loan of $58,571, 49% higher than this company's loan of $39,415.

SBA PPP loan data, payroll data, and salaries for Sp5Star LLC
GA

Sp5Star LLC

Entity: Limited Liability Company (LLC)

Industry: Snack and Nonalcoholic Beverage Bars

Location: Warner Robins, GA

Search All PPP Data

Sp5Star LLC is a limited liability company (LLC) located at 310 Angelina Grace Dr in Warner Robins, Georgia that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in April, 2020.

The company has reported itself as an Asian male owned business, and employed at least 25 people during the applicable loan loan period.

$ PPP Loan Information
Loan #8522607208

Loan Size:

$25,000

Jobs Retained:

25

Loan Approved:

2020-04-28

Loan Status:

Paid in Full or Forgiven

Lender:

Cadence Bank, National Association

Sp5Star LLC in Warner Robins, GA received a Paycheck Protection Loan of $25,000 through Cadence Bank, National Association, 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

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, Sp5Star LLC's 2019 payroll expenses are estimated to be at least $120,000.

Based on their reported 25 jobs retained, this equals an estimated average yearly compensation of $4,800 per employee1

Reported PPP Proceed Usage:

On the PPP application, Sp5Star LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $25,000

Business Information - Sp5Star LLC in Warner Robins, GA

Sp5Star LLC
310 Angelina Grace Dr
Warner Robins, GA 31088

Business Industry:
Snack and Nonalcoholic Beverage Bars
NAICS code 722515

Business Owner Demographics

Race: Asian

Ethnicity: Unreported

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

Houston County, GA — SBA Office 0405 — Congressional District: GA-08

Similar Companies near Warner Robins

In the Warner Robins area, 7 businesses in the "Snack and Nonalcoholic Beverage Bars" industry received a PPP loan. These local businesses reported an average of 7 employees (compared to this company's 25) and received an average PPP loan of $36,935 (compared to this company's $25,000).

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, 56% lower than Sp5Star LLC's reported 25 employees, and received an average PPP loan of $52,130, 109% 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.

Search FederalPay's Full PPP Loan Database

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.


Have FederalPay.org's open data tools been valuable? Consider donating!

** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/sp5star-llc-warner-robins-ga