PPP Loan Data — Ampler Burgers LLC, Raleigh, NC
Ampler Burgers LLC is a limited liability company (LLC) located at 4700 Falls Of Neuse Road, Suite 400 in Raleigh, North Carolina that received a Coronavirus-related PPP loan from the SBA of $4,730,100.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 500 people during the applicable loan loan period.
$ PPP Loan Information
Lender:WOODFOREST NATIONAL BANK
Ampler Burgers LLC in Raleigh, NC received a Paycheck Protection Loan of $4.73M through WOODFOREST NATIONAL BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Ampler Burgers LLC's total 2019 payroll expenses were approximately $22.7M 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 $45,409 per employee1.
Business Information - Ampler Burgers LLC in Raleigh, NC
4700 Falls Of Neuse Road, Suite 400
Raleigh, NC 27609
Limited-Service Restaurants (NAICS code 722513)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: UnreportedCongressional District: NC-04
Similar Companies near Raleigh
In the Raleigh area, 26 businesses in the "Limited-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 161 employees (compared to this company's 500) and received an average PPP loan of $1,333,545 (compared to this company's $4.73M).
Similar Nearby Businesses Who Received PPP Funding:
Ampler Pizza II LLC
Lady Fingers Catering LLC
Subway At Six Forks, Inc.
Quality Huts Midwest, LLC
Hhcs Opco, LLC
Quality Huts Mid-Atlantic, LLC
IV Hospitality LLC
Ampler Chicken LLC
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, 95% lower than Ampler Burgers LLC's reported 500 employees, and received an average PPP loan of $120,904, 97% lower than this company's loan of $4.73M.
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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