PPP Loan Data — Subway Of Branford LLC, Branford, FL
Subway Of Branford LLC is a limited liability company (LLC) located at 507 Se Us Highway 27 in Branford, Florida that received a Coronavirus-related PPP loan from the SBA of $25,405.00 in April, 2020. This business is a Subway franchise.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Drummond Community Bank
Subway Of Branford LLC in Branford, FL received a Paycheck Protection Loan of $25,405 through Drummond Community 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 April, 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, Subway Of Branford LLC's 2019 payroll expenses are estimated to be at least $121,944.
Based on their reported 9 jobs retained, this equals an estimated average yearly compensation of $13,549 per employee1
Reported PPP Proceed Usage:
On the PPP application, Subway Of Branford LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $20,324
- Utilities: $1,694
- Mortgage Interest: $1,694
- Debt Interest: $1,694
Business Information - Subway Of Branford LLC in Branford, FL
507 Se Us Highway 27
Branford, FL 32008
NAICS code 722513
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Branford
In the Branford area, 3 businesses in the "Limited-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 13 employees (compared to this company's 9) and received an average PPP loan of $41,713 (compared to this company's $25,405).
Similar Nearby Businesses Who Received PPP Funding:
Our Place Pizzeria And Ristorante LLC
China House 58 Inc
Industry PPP Comparison Statistics
Nationwide, 137,629 businesses in the "Limited-Service Restaurants" industry received a total of $13.9B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 2% of the total PPP funding allocated.
PPP recipients in this industry report an average of 21 employees, 133% higher than Subway Of Branford LLC's reported 9 employees, and received an average PPP loan of $100,980, 297% higher than this company's loan of $25,405.
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Footnotes & Information
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