PPP Loan Data — Two Sisters Eatery, Winchester, TN
Two Sisters Eatery is a limited liability company (LLC) located at 115 1st Ave Ne in Winchester, Tennessee that received a Coronavirus-related PPP loan from the SBA of $46,305.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Citizens Tri-County Bank
Two Sisters Eatery in Winchester, TN received a Paycheck Protection Loan of $46,305 through Citizens Tri-County 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 January, 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, Two Sisters Eatery's 2019 payroll expenses are estimated to be at least $222,264.
Based on their reported 11 jobs retained, this equals an estimated average yearly compensation of $20,206 per employee1
Reported PPP Proceed Usage:
On the PPP application, Two Sisters Eatery reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $39,359
- Utilities: $2,315
- Mortgage Interest: $2,315
- Rent: $2,315
Business Information - Two Sisters Eatery in Winchester, TN
115 1st Ave Ne
Winchester, TN 37398
NAICS code 722511
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Winchester
In the Winchester area, 15 businesses in the "Full-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 10 employees (compared to this company's 11) and received an average PPP loan of $49,565 (compared to this company's $46,305).
Similar Nearby Businesses Who Received PPP Funding:
Patricia A Henry
Farris & Associates, Inc
Elizabeth Serna Guerrrero
Ludivina Macias & Jaime Arellano
Camino Real Mexican Restaurant 8, Inc
Isaac J Roberts III
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, 100% higher than Two Sisters Eatery's reported 11 employees, and received an average PPP loan of $129,504, 180% higher than this company's loan of $46,305.
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Footnotes & Information
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