PPP Loan Data — The George & Dragon British Pub, LLC, Cocoa, FL
The George & Dragon British Pub, LLC is a limited liability company (LLC) located at 502 Brevard Ave in Cocoa, Florida that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in April, 2020.
The company has reported itself as a White male veteran owned business, and employed at least nine people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:First Home Bank
The George & Dragon British Pub, LLC in Cocoa, FL received a Paycheck Protection Loan of $25,000 through First Home 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 April, 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, The George & Dragon British Pub, LLC's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 9 jobs retained, this equals an estimated average yearly compensation of $13,333 per employee1
Reported PPP Proceed Usage:
On the PPP application, The George & Dragon British Pub, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - The George & Dragon British Pub, LLC in Cocoa, FL
502 Brevard Ave
Cocoa, FL 32922
Drinking Places (Alcoholic Beverages)
NAICS code 722410
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Veteran
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Cocoa
In the Cocoa area, 7 businesses in the "Drinking Places (Alcoholic Beverages)" industry received a PPP loan. These local businesses reported an average of 13 employees (compared to this company's 9) and received an average PPP loan of $69,014 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
Snugs Pub & Eatery LLC
Village Timeout LLC
Dirty Oar Beer Company, LLC
Spoke And Sneaker LLC
The George And Dragon British Pub LLC
Industry PPP Comparison Statistics
Nationwide, 46,930 businesses in the "Drinking Places (Alcoholic Beverages)" industry received a total of $2.81B 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 12 employees, 33% higher than The George & Dragon British Pub, LLC's reported 9 employees, and received an average PPP loan of $59,863, 139% higher than this company's loan of $25,000.
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Footnotes & Information
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