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PPP Loan Data — Adams Foods Inc,
Bonita Springs, FL
Adams Foods Inc
Entity: Subchapter S Corporation
Industry: Full-Service Restaurants
Location: Bonita Springs, FL
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Adams Foods Inc is a subchapter s corporation located at 8850 Terrene Ct in Bonita Springs, Florida that received a Coronavirus-related PPP loan from the SBA of $3,355,870.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
500Loan Approved:
2020-04-13Lender:
FIRST FLORIDA INTEGRITY BANKAdams Foods Inc received a Paycheck Protection Loan of $3.36M through FIRST FLORIDA INTEGRITY BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Adams Foods Inc's total 2019 payroll expenses were approximately $16.11M in order to qualify for the PPP loan amount received.
Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $32,216 per employee1.
Business Information - Adams Foods Inc in Bonita Springs, FL
8850 Terrene Ct
Bonita Springs, FL 34135
Business Industry
Full-Service Restaurants (NAICS code 722511)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: FL-19Similar Companies near Bonita Springs
In the Bonita Springs area, 59 businesses in the "Full-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 39 employees (compared to this company's 500) and received an average PPP loan of $228,256 (compared to this company's $3.36M).
Similar Nearby Businesses Who Received PPP Funding:
Bonita British Open Inc
Bonita Spring, FL
Zorba's Pizza Restaurant, Inc.
Bonita Springs, FL
C Level Restaurant LLC
Bonita Springs, FL
Petar's Restaurant Group LLC
Bonita Springs, FL
SLR Naples Corp
Bonita Springs, FL
Figs Bistro Inc
Bonita Springs, FL
Teri's Diner, Inc
Bonita Springs, FL
W&S LLC
Bonita Springs, FL
Sushi Thai Team
Bonita Springs, FL
Industry PPP Comparison Statistics
Nationwide, 175,054 businesses in the "Full-Service Restaurants" industry received a total of $20,426,260,320.00 in PPP loans. These businesses account for 3% of total PPP applications submitted, and received 4% of the total PPP funding allocated.
PPP recipients in this industry report an average of 20 employees, 96% lower than Adams Foods Inc's reported 500 employees, and received an average PPP loan of $116,685, 97% lower than this company's loan of $3.36M.
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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA.
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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