PPP Loan Data — Whiskey Flatts, Inc, Philadelphia, PA
Whiskey Flatts, Inc is a subchapter s corporation located at 3156 Willits Road in Philadelphia, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $46,807.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least sixteen people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:TD Bank, National Association
Whiskey Flatts, Inc in Philadelphia, PA received a Paycheck Protection Loan of $46,807 through TD Bank, National Association, 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, Whiskey Flatts, Inc's 2019 payroll expenses are estimated to be at least $224,674.
Based on their reported 16 jobs retained, this equals an estimated average yearly compensation of $14,042 per employee1
Reported PPP Proceed Usage:
On the PPP application, Whiskey Flatts, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,807
Business Information - Whiskey Flatts, Inc in Philadelphia, PA
3156 Willits Road
Philadelphia, PA 19136
NAICS code 722511
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Philadelphia
In the Philadelphia area, 29 businesses in the "Full-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 35 employees (compared to this company's 16) and received an average PPP loan of $96,336 (compared to this company's $46,807).
Similar Nearby Businesses Who Received PPP Funding:
Reals Restaurant & Lounge Inc
Emre C. Inc
Whiskey Flats Inc
Shef's Pizza Inc
3 O'clock Corp
DAJ Mi Buzi Mom Moms
Sweet Lucys 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, 38% higher than Whiskey Flatts, Inc's reported 16 employees, and received an average PPP loan of $129,504, 177% higher than this company's loan of $46,807.
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Footnotes & Information
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