PPP Loan Data — The Apron Restaurant & Spirits, LLC, Jackson, MI
The Apron Restaurant & Spirits, LLC
Entity: Sole Proprietorship
Location: Jackson, MITweet This • Search All PPP Data
The Apron Restaurant & Spirits, LLC is a sole proprietorship located at 3608 Wildwood Avenue in Jackson, Michigan that received a Coronavirus-related PPP loan from the SBA of $24,900.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least ten people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
The Apron Restaurant & Spirits, LLC in Jackson, MI received a Paycheck Protection Loan of $24,900 through Customers 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, The Apron Restaurant & Spirits, LLC's 2019 payroll expenses are estimated to be at least $119,520.
Based on their reported 10 jobs retained, this equals an estimated average yearly compensation of $11,952 per employee1
Reported PPP Proceed Usage:
On the PPP application, The Apron Restaurant & Spirits, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,900
Business Information - The Apron Restaurant & Spirits, LLC in Jackson, MI
3608 Wildwood Avenue
Jackson, MI 49202
All Other Miscellaneous Store Retailers (except Tobacco Stores)
NAICS code 453998
Business Owner Demographics
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Rural
Similar Companies near Jackson
In the Jackson area, 14 businesses in the "All Other Miscellaneous Store Retailers (except Tobacco Stores)" industry received a PPP loan. These local businesses reported an average of 5 employees (compared to this company's 10) and received an average PPP loan of $59,027 (compared to this company's $24,900).
Similar Nearby Businesses Who Received PPP Funding:
Jewelry Shoppe LLC
Tri County Water Conditioning
Nicholas Wickham DBA Cannon Used Auto Parts
Marketplace Manna Inc
Industry PPP Comparison Statistics
Nationwide, 152,436 businesses in the "All Other Miscellaneous Store Retailers (except Tobacco Stores)" industry received a total of $5.23B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 4 employees, 60% lower than The Apron Restaurant & Spirits, LLC's reported 10 employees, and received an average PPP loan of $34,329, 38% higher than this company's loan of $24,900.
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