PPP Loan Data — Sweet Corn Charlie Produce, LLC, Millersburg, IN
Sweet Corn Charlie Produce, LLC is a limited liability company (LLC) located at 11003 Cr 42 in Millersburg, Indiana that received a Coronavirus-related PPP loan from the SBA of $46,845.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Sweet Corn Charlie Produce, LLC in Millersburg, IN received a Paycheck Protection Loan of $46,845 through Horizon 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 January, 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, Sweet Corn Charlie Produce, LLC's 2019 payroll expenses are estimated to be at least $224,856.
Based on their reported 42 jobs retained, this equals an estimated average yearly compensation of $5,354 per employee1
Reported PPP Proceed Usage:
On the PPP application, Sweet Corn Charlie Produce, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $37,476
- Utilities: $4,684
- Rent: $4,685
Business Information - Sweet Corn Charlie Produce, LLC in Millersburg, IN
11003 Cr 42
Millersburg, IN 46543
Fruit and Vegetable Markets
NAICS code 445230
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Millersburg
In the Millersburg area, 2 businesses in the "Fruit and Vegetable Markets" industry received a PPP loan. These local businesses reported an average of 29 employees (compared to this company's 42) and received an average PPP loan of $61,491 (compared to this company's $46,845).
Similar Nearby Businesses Who Received PPP Funding:
Sweet Corn Charlie
Industry PPP Comparison Statistics
Nationwide, 2,595 businesses in the "Fruit and Vegetable Markets" industry received a total of $160.45M 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 10 employees, 76% lower than Sweet Corn Charlie Produce, LLC's reported 42 employees, and received an average PPP loan of $61,829, 32% higher than this company's loan of $46,845.
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Footnotes & Information
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