PPP Loan Data — Stanton Ky Pj's, LLC, Stanton, KY
Stanton Ky Pj's, LLC is a limited liability company (LLC) located at 221 South Main Street in Stanton, Kentucky that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in April, 2020. This business is a Papa John's franchise.
The company has reported itself as a White male owned business, and employed at least twelve people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Citizens Guaranty Bank
Stanton Ky Pj's, LLC in Stanton, KY received a Paycheck Protection Loan of $25,000 through Citizens Guaranty 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, Stanton Ky Pj's, LLC's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 12 jobs retained, this equals an estimated average yearly compensation of $10,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, Stanton Ky Pj's, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - Stanton Ky Pj's, LLC in Stanton, KY
221 South Main Street
Stanton, KY 40380
NAICS code 722511
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Stanton
In the Stanton area, 3 businesses in the "Full-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 19 employees (compared to this company's 12) and received an average PPP loan of $49,691 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
Dave & Tim Inc
Dairy Queen Of Stanton, Inc
Industry PPP Comparison Statistics
Nationwide, 328,914 businesses in the "Full-Service Restaurants" industry received a total of $42.6B 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, 83% higher than Stanton Ky Pj's, LLC's reported 12 employees, and received an average PPP loan of $129,504, 418% higher than this company's loan of $25,000.
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Footnotes & Information
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