TX

Subwich Co

Entity: Corporation

Industry: Limited-Service Restaurants

Location: Sugar Land, TX

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Subwich Co is a corporation located at 5830 Genoa Springs Ln in Sugar Land, Texas that received a Coronavirus-related PPP loan from the SBA of $159,585.00 in April, 2020.

The company has reported itself as an Asian male owned business.

$ PPP Loan Information

Subwich Co received a Paycheck Protection Loan of $159,585 through CAPITAL BANK, which was approved in April, 2020.

2019 Payroll Estimations based On PPP Amount:

Assuming all employees were paid over the $100k eligibility cap, the minimum number of employees this company must have had in 2019 to qualify for the loan range received is 0.

Based on standard PPP eligibility rules, Subwich Co's total 2019 payroll expenses were approximately $766,008 in order to qualify for the PPP loan amount received.

Unlike most businesses, Subwich Co's PPP data does not report the number of jobs retained by their receipt of the Paycheck Protection Loan (some banks did not release this infomation from their loan applications). Without this data, per-employee payrolls for this company cannot be estimated.

Business Information - Subwich Co in Sugar Land, TX

Similar Companies near Sugar Land

In the Sugar Land area, 71 businesses in the "Limited-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 99 employees (compared to this company's 0) and received an average PPP loan of $1,105,104 (compared to this company's $159,585).

Industry PPP Comparison Statistics

Nationwide, 79,996 businesses in the "Limited-Service Restaurants" industry received a total of $9,671,819,152.00 in PPP loans. These businesses account for 2% of total PPP applications submitted, and received 2% of the total PPP funding allocated.

PPP recipients in this industry report an average of 23 employees, and received an average PPP loan of $120,904, 24% lower than this company's loan of $159,585.