PPP Loan Data — Sublime Tree Inc, Roswell, GA
Sublime Tree Inc is a subchapter s corporation located at 10971 Crabapple Rd Suite 1900 in Roswell, Georgia that received a Coronavirus-related PPP loan from the SBA of $25,100.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Sublime Tree Inc in Roswell, GA received a Paycheck Protection Loan of $25,100 through Renasant Bank, 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 June, 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, Sublime Tree Inc's 2019 payroll expenses are estimated to be at least $120,480.
Based on their reported 7 jobs retained, this equals an estimated average yearly compensation of $17,211 per employee1
Reported PPP Proceed Usage:
On the PPP application, Sublime Tree Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,100
Business Information - Sublime Tree Inc in Roswell, GA
10971 Crabapple Rd Suite 1900
Roswell, GA 30075
NAICS code 722511
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Roswell
In the Roswell area, 151 businesses in the "Full-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 20 employees (compared to this company's 7) and received an average PPP loan of $112,325 (compared to this company's $25,100).
Similar Nearby Businesses Who Received PPP Funding:
From The Earth Brewing Company LLC
El Jinete 2 Inc
Rheas Take Out Restaurant
HLC Dbc Inc
Cinco Mexican Cantina - Vickery LLC
Epicure Of Asia Diner
Loyalty Canton Street LLC
K2 Public House, LLC
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, 214% higher than Sublime Tree Inc's reported 7 employees, and received an average PPP loan of $129,504, 416% higher than this company's loan of $25,100.
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Footnotes & Information
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