PPP Loan Data — Vaya Creamery LLC, Orange, CT
Vaya Creamery LLC is a corporation located at 297 Boston Post Road in Orange, Connecticut that received a Coronavirus-related PPP loan from the SBA of $25,167.00 in April, 2020. This business is a Cold Stone Creamery franchise.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Cross River Bank
Vaya Creamery LLC in Orange, CT received a Paycheck Protection Loan of $25,167 through Cross River Bank, which was approved in April, 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, Vaya Creamery LLC's 2019 payroll expenses are estimated to be at least $120,802.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $24,160 per employee1
Reported PPP Proceed Usage:
On the PPP application, Vaya Creamery LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,167
Business Information - Vaya Creamery LLC in Orange, CT
297 Boston Post Road
Orange, CT 6477
Snack and Nonalcoholic Beverage Bars
NAICS code 722515
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Orange
In the Orange area, 6 businesses in the "Snack and Nonalcoholic Beverage Bars" industry received a PPP loan. These local businesses reported an average of 14 employees (compared to this company's 5) and received an average PPP loan of $40,773 (compared to this company's $25,167).
Similar Nearby Businesses Who Received PPP Funding:
Rich Farm Ice Cream Shop, LLC
263 Boston Post LLC
Country Creamery LLC
Bobby Fritz's Snack Bar LLC
Industry PPP Comparison Statistics
Nationwide, 27,681 businesses in the "Snack and Nonalcoholic Beverage Bars" industry received a total of $1.44B 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 11 employees, 120% higher than Vaya Creamery LLC's reported 5 employees, and received an average PPP loan of $52,130, 107% higher than this company's loan of $25,167.
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Footnotes & Information
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