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PPP Loan Data — Alexander's Steakhouse Inc,
Cupertino, CA
Alexander's Steakhouse Inc
Entity: Corporation
Industry: Full-Service Restaurants
Location: Cupertino, CA
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Alexander's Steakhouse Inc is a corporation located at 19379 Stevens Creek Blvd in Cupertino, California that received a Coronavirus-related PPP loan from the SBA of $2,000,000.00 in February, 2021.
The company has reported itself as a female owned business, and employed at least 300 people during the applicable loan loan period.
$
PPP Loan Information
Loan #3147908510
Loan Size:
Jobs Retained:
300Loan Approved:
2021-02-23Loan Status:
Paid in Full or ForgivenLender:
Cathay BankAlexander's Steakhouse Inc in Cupertino, CA received a Paycheck Protection Loan of $2M through Cathay Bank, which was approved in February, 2021.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in September, 2022.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased 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, Alexander's Steakhouse Inc's 2019 payroll expenses are estimated to be at least $9.6M.
Based on their reported 300 jobs retained, this equals an estimated average yearly compensation of $32,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, Alexander's Steakhouse Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,999,994
- Utilities: $1
Business Information - Alexander's Steakhouse Inc in Cupertino, CA
19379 Stevens Creek Blvd
Cupertino, CA 95014
Business Industry:
Full-Service Restaurants
NAICS code 722511
Business Owner Demographics
Race: Unreported
Ethnicity: Not Hispanic or Latino
Gender: Female Owned
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Similar Companies near Cupertino
In the Cupertino area, 114 businesses in the "Full-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 24 employees (compared to this company's 300) and received an average PPP loan of $199,512 (compared to this company's $2M).
Similar Nearby Businesses Who Received PPP Funding:
Joy Dumpling Inc
Cupertino, CA
The Counter Cupertino LP
Cupertino, CA
LEI Garden Inc
Cupertino, CA
Beijing Pavilion Inc
Cupertino, CA
Bay Area Yakiniku II LLC
Cupertino, CA
Ipot Cupertino LLC
Cupertino, CA
Fish Is Wild
Cupertino, CA
La Terra
Cupertino, CA
Renad Food Srvices Inc
Cupertino, CA
Industry PPP Comparison Statistics
Nationwide, 326,413 businesses in the "Full-Service Restaurants" industry received a total of $42.5B 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, 93% lower than Alexander's Steakhouse Inc's reported 300 employees, and received an average PPP loan of $130,196, 93% lower than this company's loan of $2M.
Alexander's Steakhouse, Inc
Entity: Corporation
Industry: Full-Service Restaurants
Location: Cupertino, CA
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Alexander's Steakhouse, Inc is a corporation located at 19379 Stevens Creek Blvd in Cupertino, California that received a Coronavirus-related PPP loan from the SBA of $3,794,812.00 in April, 2020.
$
PPP Loan Information
Loan #5830587202
Loan Size:
Jobs Retained:
400Loan Approved:
2020-04-27Loan Status:
Paid in Full or ForgivenLender:
Cathay BankAlexander's Steakhouse, Inc in Cupertino, CA received a Paycheck Protection Loan of $3.79M through Cathay Bank, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in October, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased 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, Alexander's Steakhouse, Inc's 2019 payroll expenses are estimated to be at least $18.22M.
Based on their reported 400 jobs retained, this equals an estimated average yearly compensation of $45,538 per employee1
Reported PPP Proceed Usage:
On the PPP application, Alexander's Steakhouse, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $3,794,812
Business Information - Alexander's Steakhouse, Inc in Cupertino, CA
19379 Stevens Creek Blvd
Cupertino, CA 95014
Business Industry:
Full-Service Restaurants
NAICS code 722511
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Similar Companies near Cupertino
In the Cupertino area, 114 businesses in the "Full-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 24 employees (compared to this company's 400) and received an average PPP loan of $199,512 (compared to this company's $3.79M).
Similar Nearby Businesses Who Received PPP Funding:
Joy Dumpling Inc
Cupertino, CA
The Counter Cupertino LP
Cupertino, CA
LEI Garden Inc
Cupertino, CA
Beijing Pavilion Inc
Cupertino, CA
Bay Area Yakiniku II LLC
Cupertino, CA
Ipot Cupertino LLC
Cupertino, CA
Fish Is Wild
Cupertino, CA
La Terra
Cupertino, CA
Renad Food Srvices Inc
Cupertino, CA
Industry PPP Comparison Statistics
Nationwide, 326,413 businesses in the "Full-Service Restaurants" industry received a total of $42.5B 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, 95% lower than Alexander's Steakhouse, Inc's reported 400 employees, and received an average PPP loan of $130,196, 97% lower than this company's loan of $3.79M.
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. FederalPay does not modify the data and makes no claims regarding its accuracy.
Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.
Footnotes & Information
1. Estimations for informational purposes only. 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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