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PPP Loan Data — Apple Central LLC,
Greenwich, CT
FRANCHISE
CTApple Central LLC
Entity: Limited Liability Company (LLC)
Industry: Full-Service Restaurants
Franchise: Applebee's Neighborhood Grill & Bar
Location: Greenwich, CT
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Apple Central LLC is a limited liability company (LLC) located at 170 Mason St in Greenwich, Connecticut that received a Coronavirus-related PPP loan from the SBA of $2,000,000.00 in February, 2021. This business is a Applebee's Neighborhood Grill & Bar franchise.
$
PPP Loan Information
Loan #7465518406
Loan Size:
Jobs Retained:
300Loan Approved:
2021-02-12Loan Status:
Paid in Full or ForgivenLender:
Equity BankApple Central LLC in Greenwich, CT received a Paycheck Protection Loan of $2M through Equity 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 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, Apple Central LLC'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, Apple Central LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,000,000
Business Information - Apple Central LLC in Greenwich, CT
170 Mason St
Greenwich, CT 6830
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
Businesses Using Same Address:
There are 5 other businesses that received a PPP loan registered to the same address as Apple Central LLC.
ED Randall's Fans For The Cure
Voluntary Health Organizations
Hilton Interiors LLC
Interior Design Services
Charles Hilton Architects, LLC
Architectural Services
Ivey Barnum & O'mara LLC
Offices of Lawyers
Apple Central Kc LLC
Full-Service Restaurants
Similar Companies near Greenwich
In the Greenwich area, 66 businesses in the "Full-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 58 employees (compared to this company's 300) and received an average PPP loan of $489,177 (compared to this company's $2M).
Similar Nearby Businesses Who Received PPP Funding:
The Spread Greenwich, LLC
Greenwich, CT
Ramze Zakka Inc
Greenwich, CT
New Abis Japanese Restaurant Corp
Greenwich, CT
Steamer Dumpling House Inc
Greenwich, CT
Greenwich Restaurant Inc
Greenwich, CT
Belle Rive LLC
Greenwich, CT
JS Legacy LLC
Greenwich, CT
Cantina Hospitality, LLC
Greenwich, CT
New Abis Japanese Restaurnat Corp
Greenwich, CT
Industry PPP Comparison Statistics
Nationwide, 326,443 businesses in the "Full-Service Restaurants" industry received a total of $42.51B 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 Apple Central LLC's reported 300 employees, and received an average PPP loan of $130,215, 93% lower than this company's loan of $2M.
Apple Central, LLC
Entity: Limited Liability Company (LLC)
Industry: Full-Service Restaurants
Location: Greenwich, CT
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Apple Central, LLC is a limited liability company (LLC) located at 170 Mason Street in Greenwich, Connecticut that received a Coronavirus-related PPP loan from the SBA of $5,587,985.00 in April, 2020.
$
PPP Loan Information
Loan #6390307101
Loan Size:
Jobs Retained:
500Loan Approved:
2020-04-14Loan Status:
Paid in Full or ForgivenLender:
First Horizon BankApple Central, LLC in Greenwich, CT received a Paycheck Protection Loan of $5.59M through First Horizon 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 July, 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, Apple Central, LLC's 2019 payroll expenses are estimated to be at least $26.82M.
Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $53,645 per employee1
Reported PPP Proceed Usage:
On the PPP application, Apple Central, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $4,200,000
- Utilities: $450,000
- Rent: $750,000
- Debt Interest: $187,985
Business Information - Apple Central, LLC in Greenwich, CT
170 Mason Street
Greenwich, CT 6830
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
Businesses Using Same Address:
There are 5 other businesses that received a PPP loan registered to the same address as Apple Central, LLC.
Campbell Builders&Development,LLC
New Housing For-Sale Builders
Hilton Interiors, LLC
Interior Design Services
Diamant Asset Management Inc
Portfolio Management
Apple Central Kc, LLC
Full-Service Restaurants
Cantina Hospitality, LLC
Full-Service Restaurants
Similar Companies near Greenwich
In the Greenwich area, 66 businesses in the "Full-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 58 employees (compared to this company's 500) and received an average PPP loan of $489,177 (compared to this company's $5.59M).
Similar Nearby Businesses Who Received PPP Funding:
The Spread Greenwich, LLC
Greenwich, CT
Ramze Zakka Inc
Greenwich, CT
New Abis Japanese Restaurant Corp
Greenwich, CT
Steamer Dumpling House Inc
Greenwich, CT
Greenwich Restaurant Inc
Greenwich, CT
Belle Rive LLC
Greenwich, CT
JS Legacy LLC
Greenwich, CT
Cantina Hospitality, LLC
Greenwich, CT
New Abis Japanese Restaurnat Corp
Greenwich, CT
Industry PPP Comparison Statistics
Nationwide, 326,443 businesses in the "Full-Service Restaurants" industry received a total of $42.51B 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, 96% lower than Apple Central, LLC's reported 500 employees, and received an average PPP loan of $130,215, 98% lower than this company's loan of $5.59M.
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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