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PPP Loan Data — Sunny Foods LLC,
Tempe, AZ
Sunny Foods LLC
Entity: Limited Liability Company (LLC)
Industry: Full-Service Restaurants
Location: Tempe, AZ
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Sunny Foods LLC is a limited liability company (LLC) located at 1250 E Apache Blvd Ste 101 in Tempe, Arizona that received a Coronavirus-related PPP loan from the SBA of $68,156.00 in February, 2021.
The company has reported itself as an Asian female owned business, and employed at least six people during the applicable loan loan period.
$
PPP Loan Information
Loan #3949888410
Loan Size:
Jobs Retained:
6Loan Approved:
2021-02-05Loan Status:
Paid in Full or ForgivenLender:
Bank of America, National AssociationSunny Foods LLC in Tempe, AZ received a Paycheck Protection Loan of $68,156 through Bank of America, National Association, which was approved in February, 2021.
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 November, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased 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, Sunny Foods LLC's 2019 payroll expenses are estimated to be at least $327,149.
Based on their reported 6 jobs retained, this equals an estimated average yearly compensation of $54,525 per employee1
Reported PPP Proceed Usage:
On the PPP application, Sunny Foods LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $68,153
- Utilities: $1
Business Information - Sunny Foods LLC in Tempe, AZ
1250 E Apache Blvd Ste 101
Tempe, AZ 85281
Business Industry:
Full-Service Restaurants
NAICS code 722511
Business Owner Demographics
Race: Asian
Ethnicity: Not Hispanic or Latino
Gender: Female Owned
Veteran Status: Non-Veteran
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: Y
HUBZone: Y
Rural / Urban: Urban
Similar Companies near Tempe
In the Tempe area, 159 businesses in the "Full-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 35 employees (compared to this company's 6) and received an average PPP loan of $133,932 (compared to this company's $68,156).
Similar Nearby Businesses Who Received PPP Funding:
Delhi Palace LLC
Tempe, AZ
Mark Kondo
Tempe, AZ
Thomas Brodie
Tempe, AZ
Pho Nhat Restaurant LLC
Tempe, AZ
Mill Workers Union LLC
Tempe, AZ
Casa Reynoso Restaurant
Tempe, AZ
House Of Tricks Inc
Tempe, AZ
Delqes Westt
Tempe, AZ
Farag And Haria, LLC
Tempe, AZ
Industry PPP Comparison Statistics
Nationwide, 326,480 businesses in the "Full-Service Restaurants" industry received a total of $42.51B 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, 267% higher than Sunny Foods LLC's reported 6 employees, and received an average PPP loan of $130,209, 91% higher than this company's loan of $68,156.
Sunny Foods LLC
Entity: Limited Liability Company (LLC)
Industry: Supermarkets and Other Grocery (except Convenience) Stores
Location: Tempe, AZ
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Sunny Foods LLC is a limited liability company (LLC) located at 1250 E Apache Blvd Ste 101 in Tempe, Arizona that received a Coronavirus-related PPP loan from the SBA of $49,398.00 in May, 2020.
The company has reported itself as an Asian female owned business, and employed at least eight people during the applicable loan loan period.
$
PPP Loan Information
Loan #5365687702
Loan Size:
Jobs Retained:
8Loan Approved:
2020-05-01Loan Status:
Paid in Full or ForgivenLender:
Bank of America, National AssociationSunny Foods LLC in Tempe, AZ received a Paycheck Protection Loan of $49,398 through Bank of America, National Association, which was approved in May, 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
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased 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, Sunny Foods LLC's 2019 payroll expenses are estimated to be at least $237,110.
Based on their reported 8 jobs retained, this equals an estimated average yearly compensation of $29,639 per employee1
Reported PPP Proceed Usage:
On the PPP application, Sunny Foods LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $49,398
Business Information - Sunny Foods LLC in Tempe, AZ
1250 E Apache Blvd Ste 101
Tempe, AZ 85281
Business Industry:
Supermarkets and Other Grocery (except Convenience) Stores
NAICS code 445110
Business Owner Demographics
Race: Asian
Ethnicity: Not Hispanic or Latino
Gender: Female Owned
Veteran Status: Non-Veteran
Business Demographics
Business Age: New Business or 2 years or less
LMI Zone: Y
HUBZone: Y
Rural / Urban: Urban
Similar Companies near Tempe
In the Tempe area, 6 businesses in the "Supermarkets and Other Grocery (except Convenience) Stores" industry received a PPP loan. These local businesses reported an average of 5 employees (compared to this company's 8) and received an average PPP loan of $26,157 (compared to this company's $49,398).
Similar Nearby Businesses Who Received PPP Funding:
Jimmie Butler
Tempe, AZ
Hell's Canyon Ranch, LLC
Tempe, AZ
Dune Fischer, Inc
Tempe, AZ
Florence Amoako
Tempe, AZ
RA & Abby, Inc
Tempe, AZ
Industry PPP Comparison Statistics
Nationwide, 25,295 businesses in the "Supermarkets and Other Grocery (except Convenience) Stores" industry received a total of $2.27B 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 18 employees, 125% higher than Sunny Foods LLC's reported 8 employees, and received an average PPP loan of $89,545, 81% higher than this company's loan of $49,398.
FederalPay's PPP Information Policy
Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan.
All information displayed on this page is publicly available information under PPP loan guidelines, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.
Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.
Footnotes & Information
1. Estimations for informational purposes only. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.
2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.
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