PPP Loan Data — Sweet Treats - Ice Cream And More, Hartford, WI
Sweet Treats - Ice Cream And More is a limited liability company (LLC) located at 65 N Main Street in Hartford, Wisconsin that received a Coronavirus-related PPP loan from the SBA of $25,117.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Sweet Treats - Ice Cream And More in Hartford, WI received a Paycheck Protection Loan of $25,117 through Forte Bank, 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, Sweet Treats - Ice Cream And More's 2019 payroll expenses are estimated to be at least $120,562.
Based on their reported 20 jobs retained, this equals an estimated average yearly compensation of $6,028 per employee1
Reported PPP Proceed Usage:
On the PPP application, Sweet Treats - Ice Cream And More reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,117
Business Information - Sweet Treats - Ice Cream And More in Hartford, WI
65 N Main Street
Hartford, WI 53027
Confectionery and Nut Stores
NAICS code 445292
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Hartford
In the Hartford area, 2 businesses in the "Confectionery and Nut Stores" industry received a PPP loan. These local businesses reported an average of 20 employees (compared to this company's 20) and received an average PPP loan of $25,117 (compared to this company's $25,117).
Similar Nearby Businesses Who Received PPP Funding:
Sweet Treats - Ice Cream And More LLC
Industry PPP Comparison Statistics
Nationwide, 2,058 businesses in the "Confectionery and Nut Stores" industry received a total of $95.66M 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, 50% lower than Sweet Treats - Ice Cream And More's reported 20 employees, and received an average PPP loan of $46,483, 85% higher than this company's loan of $25,117.
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Footnotes & Information
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