PPP Loan Data — ADS Foods, LLC, Houston, TX
ADS Foods, LLC is a limited liability company (LLC) located at 17154 Butte Creek Rd in Houston, Texas that received a Coronavirus-related PPP loan from the SBA of $3,267,500.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 250 people during the applicable loan loan period.
$ PPP Loan Information
Lender:FIRST UNITED BANK AND TRUST COMPANY
ADS Foods, LLC in Houston, TX received a Paycheck Protection Loan of $3.27M through FIRST UNITED BANK AND TRUST COMPANY, which was approved in April, 2020.
Based on standard PPP eligibility rules, ADS Foods, LLC's total 2019 payroll expenses were approximately $15.68M in order to qualify for the PPP loan amount received.
Based on their reported 250 jobs retained, this equals an estimated average yearly compensation of $62,736 per employee1.
Business Information - ADS Foods, LLC in Houston, TX
17154 Butte Creek Rd
Houston, TX 77090
Limited-Service Restaurants (NAICS code 722513)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: NON-VETERANCongressional District: TX-18
Similar Companies near Houston
In the Houston area, 18 businesses in the "Limited-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 72 employees (compared to this company's 250) and received an average PPP loan of $420,938 (compared to this company's $3.27M).
Similar Nearby Businesses Who Received PPP Funding:
Chao Xing Inc
SRT Foods LLC
A&A Global Investment, Inc.
Royal Partners, LLC
Alan Hien Le
Southernq BBQ And Catering LLC
Sunstar Food #2 Inc
Industry PPP Comparison Statistics
Nationwide, 79,996 businesses in the "Limited-Service Restaurants" industry received a total of $9,671,819,152.00 in PPP loans. These businesses account for 2% of total PPP applications submitted, and received 2% of the total PPP funding allocated.
PPP recipients in this industry report an average of 23 employees, 91% lower than ADS Foods, LLC's reported 250 employees, and received an average PPP loan of $120,904, 96% lower than this company's loan of $3.27M.
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.
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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