PPP Loan Data — The Brew & View, Fairbanks, AK
The Brew & View is a sole proprietorship located at 401 Old Steese Hwy in Fairbanks, Alaska that received a Coronavirus-related PPP loan from the SBA of $46,600.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Alaska USA FCU
The Brew & View in Fairbanks, AK received a Paycheck Protection Loan of $46,600 through Alaska USA FCU, 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 Brew & View's 2019 payroll expenses are estimated to be at least $223,680.
Based on their reported 8 jobs retained, this equals an estimated average yearly compensation of $27,960 per employee1
Reported PPP Proceed Usage:
On the PPP application, The Brew & View reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,600
Business Information - The Brew & View in Fairbanks, AK
401 Old Steese Hwy
Fairbanks, AK 99701
NAICS code 722513
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Fairbanks
In the Fairbanks area, 26 businesses in the "Limited-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 37 employees (compared to this company's 8) and received an average PPP loan of $107,809 (compared to this company's $46,600).
Similar Nearby Businesses Who Received PPP Funding:
The Chowder House Inc
C & J Drive-In, LLC
Lee Enterprises Inc
HA Jun Hwang
AK Burger Zone LLC
Northern Pizza Group
Soapy Smiths Pioneer Restaurant
Forget Me Not Espresso, LLC
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, 163% higher than The Brew & View's reported 8 employees, and received an average PPP loan of $100,980, 117% higher than this company's loan of $46,600.
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Footnotes & Information
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