PPP Loan Data — Sugar Bowl Bakery & Restaurant, Hayward, CA
Sugar Bowl Bakery & Restaurant is a corporation located at 1963 Sabre Street in Hayward, California that received a Coronavirus-related PPP loan from the SBA of $3,465,108.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 310 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:U.S. Bank, National Association
Sugar Bowl Bakery & Restaurant in Hayward, CA received a Paycheck Protection Loan of $3.47M through U.S. Bank, National Association, 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, Sugar Bowl Bakery & Restaurant's 2019 payroll expenses are estimated to be at least $16.63M.
Based on their reported 310 jobs retained, this equals an estimated average yearly compensation of $53,653 per employee1
Reported PPP Proceed Usage:
On the PPP application, Sugar Bowl Bakery & Restaurant reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $3,465,108
Business Information - Sugar Bowl Bakery & Restaurant in Hayward, CA
1963 Sabre Street
Hayward, CA 94545
NAICS code 311812
Business Owner Demographics
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Hayward
In the Hayward area, 3 businesses in the "Commercial Bakeries" industry received a PPP loan. These local businesses reported an average of 118 employees (compared to this company's 310) and received an average PPP loan of $1,263,036 (compared to this company's $3.47M).
Similar Nearby Businesses Who Received PPP Funding:
Sweet Paradise Fine Foods, Inc
Artisan Macaron LLC
Industry PPP Comparison Statistics
Nationwide, 3,860 businesses in the "Commercial Bakeries" industry received a total of $645.57M 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 22 employees, 93% lower than Sugar Bowl Bakery & Restaurant's reported 310 employees, and received an average PPP loan of $167,246, 95% lower than this company's loan of $3.47M.
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Footnotes & Information
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