PPP Loan Data — Sunrise Grocers Inc, Bryan, TX
Sunrise Grocers Inc is a corporation located at 4301 Boonville Road in Bryan, Texas that received a Coronavirus-related PPP loan from the SBA of $25,200.00 in April, 2020.
The company has reported itself as an Asian male owned business, and employed at least five people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Sunrise Grocers Inc in Bryan, TX received a Paycheck Protection Loan of $25,200 through Wallis 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, Sunrise Grocers Inc's 2019 payroll expenses are estimated to be at least $120,960.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $24,192 per employee1
Reported PPP Proceed Usage:
On the PPP application, Sunrise Grocers Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $18,900
- Utilities: $6,300
Business Information - Sunrise Grocers Inc in Bryan, TX
4301 Boonville Road
Bryan, TX 77802
NAICS code 445120
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
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 Bryan
In the Bryan area, 27 businesses in the "Convenience Stores" industry received a PPP loan. These local businesses reported an average of 5 employees (compared to this company's 5) and received an average PPP loan of $16,511 (compared to this company's $25,200).
Similar Nearby Businesses Who Received PPP Funding:
BFX Enterprises Inc
Haks 2 Inc
Bryan Travel & Truck Stop LLC
Shawn Sss Inc
Ammb Family Inc
Shanco Group LLC
Industry PPP Comparison Statistics
Nationwide, 30,055 businesses in the "Convenience Stores" industry received a total of $856.22M 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 6 employees, 20% higher than Sunrise Grocers Inc's reported 5 employees, and received an average PPP loan of $28,488, 13% higher than this company's loan of $25,200.
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Footnotes & Information
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