PPP Loan Data — Supreme Pizza, LLC, Waterford, CT
Supreme Pizza, LLC is a limited liability company (LLC) located at 27 Boston Post Rd. in Waterford, Connecticut that received a Coronavirus-related PPP loan from the SBA of $25,230.00 in April, 2020.
The company has reported itself as a White female owned business, and employed at least ten people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Charter Oak FCU
Supreme Pizza, LLC in Waterford, CT received a Paycheck Protection Loan of $25,230 through Charter Oak FCU, 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 March, 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, Supreme Pizza, LLC's 2019 payroll expenses are estimated to be at least $121,104.
Based on their reported 10 jobs retained, this equals an estimated average yearly compensation of $12,110 per employee1
Reported PPP Proceed Usage:
On the PPP application, Supreme Pizza, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,230
Business Information - Supreme Pizza, LLC in Waterford, CT
27 Boston Post Rd.
Waterford, CT 6385
NAICS code 722513
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Female Owned
Veteran Status: Non-Veteran
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Waterford
In the Waterford area, 14 businesses in the "Limited-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 16 employees (compared to this company's 10) and received an average PPP loan of $84,867 (compared to this company's $25,230).
Similar Nearby Businesses Who Received PPP Funding:
Mcbride Enterprises, LLC
Tony Ds Creamery LLC/ Tony Ds Craft Creamery
Pizza Crystal Mall Inc
Taco Crystal Mall Inc
Arkk Enterprise LLC Subway
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, 110% higher than Supreme Pizza, LLC's reported 10 employees, and received an average PPP loan of $100,980, 300% higher than this company's loan of $25,230.
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Footnotes & Information
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