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PPP Loan Data — Yumi Ice Cream Co. Inc., The Colony, TX

SBA PPP loan data, payroll data, and salaries for Yumi Ice Cream Co. Inc.
TX

Yumi Ice Cream Co. Inc.

Entity: Subchapter S Corporation

Industry: Other Miscellaneous Nondurable Goods Merchant Wholesalers

Location: The Colony, TX

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Yumi Ice Cream Co. Inc. is a subchapter s corporation located at 3551 Plano Pkwy in The Colony, Texas that received a Coronavirus-related PPP loan from the SBA of $4,570,800.00 in April, 2020.

The company has reported itself as an Asian owned business, and employed at least 357 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$4.57M

Jobs Retained:

357

Loan Approved:

2020-04-09

Lender:

COMERICA BANK

Yumi Ice Cream Co. Inc. in The Colony, TX received a Paycheck Protection Loan of $4.57M through COMERICA BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Yumi Ice Cream Co. Inc.'s total 2019 payroll expenses were approximately $21.94M in order to qualify for the PPP loan amount received.

Based on their reported 357 jobs retained, this equals an estimated average yearly compensation of $61,456 per employee1.

Because the loan received by Yumi Ice Cream Co. Inc. is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Yumi Ice Cream Co. Inc. in The Colony, TX

Yumi Ice Cream Co. Inc.
3551 Plano Pkwy
The Colony, TX 75056

Business Industry

Other Miscellaneous Nondurable Goods Merchant Wholesalers (NAICS code 424990)

Business Owner Demographics

Race / Ethnicity: ASIAN

Gender: Unreported

Veteran Status: Unreported

Congressional District: TX-24

Similar Companies near The Colony

In the The Colony area, 2 businesses in the "Other Miscellaneous Nondurable Goods Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 181 employees (compared to this company's 357) and received an average PPP loan of $2,315,880 (compared to this company's $4.57M).

Similar Nearby Businesses Who Received PPP Funding:

Moksha Imports Inc
Lewisville, TX

$60,960 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 8,398 businesses in the "Other Miscellaneous Nondurable Goods Merchant Wholesalers" industry received a total of $907,670,921.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.

PPP recipients in this industry report an average of 10 employees, 97% lower than Yumi Ice Cream Co. Inc.'s reported 357 employees, and received an average PPP loan of $108,082, 98% lower than this company's loan of $4.57M.

FederalPay's PPP Information Policy

Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan. All information displayed on this page is publicly available information under PPP loan guidelines, and is published unmodified, as provided by the SBA.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.

2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.


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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/yumi-ice-cream-co-inc-the-colony-tx