PPP Loan Data — Tropical Smoothie Cafe, LLC, Atlanta, GA
Tropical Smoothie Cafe, LLC is a limited liability company (LLC) located at 1117 Perimeter Ctr in Atlanta, Georgia that received a Coronavirus-related PPP loan from the SBA of $2,029,000.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Hancock Whitney Bank
Tropical Smoothie Cafe, LLC in Atlanta, GA received a Paycheck Protection Loan of $2.03M through Hancock Whitney 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 October, 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, Tropical Smoothie Cafe, LLC's 2019 payroll expenses are estimated to be at least $9.74M.
Based on their reported 116 jobs retained, this equals an estimated average yearly compensation of $83,959 per employee1
Reported PPP Proceed Usage:
On the PPP application, Tropical Smoothie Cafe, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,029,000
Business Information - Tropical Smoothie Cafe, LLC in Atlanta, GA
1117 Perimeter Ctr
Atlanta, GA 30338
NAICS code 722513
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Atlanta
In the Atlanta area, 89 businesses in the "Limited-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 30 employees (compared to this company's 116) and received an average PPP loan of $159,864 (compared to this company's $2.03M).
Similar Nearby Businesses Who Received PPP Funding:
IC Paradise, Inc
Get Fruity Cafe
College Park, GA
Nouveau Bar& Grill LLC
College Park, GA
Village Burger Tucker LLC
High Roller Sushi LLC
358682 Coffee Cafe LLC
Vida Concessions Inc
Galleria 200 Inc
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, 82% lower than Tropical Smoothie Cafe, LLC's reported 116 employees, and received an average PPP loan of $100,980, 95% lower than this company's loan of $2.03M.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!