PPP Loan Data — True Symmetry Brewing Co, Suisun City, CA
True Symmetry Brewing Co is a corporation located at 315 Marina Ctr in Suisun City, California that received a Coronavirus-related PPP loan from the SBA of $25,430.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:JPMorgan Chase Bank, National Association
True Symmetry Brewing Co in Suisun City, CA received a Paycheck Protection Loan of $25,430 through JPMorgan Chase Bank, National Association, which was approved in May, 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, True Symmetry Brewing Co's 2019 payroll expenses are estimated to be at least $122,064.
Based on their reported 110 jobs retained, this equals an estimated average yearly compensation of $1,110 per employee1
Reported PPP Proceed Usage:
On the PPP application, True Symmetry Brewing Co reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $9,430
- Utilities: $6,000
- Rent: $10,000
Business Information - True Symmetry Brewing Co in Suisun City, CA
315 Marina Ctr
Suisun City, CA 94585
Drinking Places (Alcoholic Beverages)
NAICS code 722410
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Suisun City
In the Suisun City area, 5 businesses in the "Drinking Places (Alcoholic Beverages)" industry received a PPP loan. These local businesses reported an average of 28 employees (compared to this company's 110) and received an average PPP loan of $59,801 (compared to this company's $25,430).
Similar Nearby Businesses Who Received PPP Funding:
Suisun City, CA
Nella Terra Cellars Inc
Craft & Cork
Suisun City, CA
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, 89% lower than True Symmetry Brewing Co's reported 110 employees, and received an average PPP loan of $59,863, 135% higher than this company's loan of $25,430.
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Footnotes & Information
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