PPP Loan Data — Three Crazy Bakers, LLC, Moultrie, GA
Three Crazy Bakers, LLC is a limited liability company (LLC) located at 102 South Main St in Moultrie, Georgia that received a Coronavirus-related PPP loan from the SBA of $45,788.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:South Georgia Banking Company
Three Crazy Bakers, LLC in Moultrie, GA received a Paycheck Protection Loan of $45,788 through South Georgia Banking Company, 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 December, 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, Three Crazy Bakers, LLC's 2019 payroll expenses are estimated to be at least $219,782.
Based on their reported 20 jobs retained, this equals an estimated average yearly compensation of $10,989 per employee1
Reported PPP Proceed Usage:
On the PPP application, Three Crazy Bakers, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $45,788
Business Information - Three Crazy Bakers, LLC in Moultrie, GA
102 South Main St
Moultrie, GA 31768
NAICS code 722511
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: Y
Rural / Urban: Rural
Similar Companies near Moultrie
In the Moultrie area, 17 businesses in the "Full-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 13 employees (compared to this company's 20) and received an average PPP loan of $42,175 (compared to this company's $45,788).
Similar Nearby Businesses Who Received PPP Funding:
Old Mexico Of Moultrie, Inc
Singletary Investments LLC
Vern And Fireballs Inc
Market Barbecue And Catering LLC
Margarita's Tex-Mex Bar & Grill LLC
Elleven17 Restaurant LLC
Industry PPP Comparison Statistics
Nationwide, 328,914 businesses in the "Full-Service Restaurants" industry received a total of $42.6B in PPP loans. These businesses account for 3% of total PPP applications submitted, and received 5% of the total PPP funding allocated.
PPP recipients in this industry report an average of 22 employees, 10% higher than Three Crazy Bakers, LLC's reported 20 employees, and received an average PPP loan of $129,504, 183% higher than this company's loan of $45,788.
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Footnotes & Information
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