PPP Loan Data — Apple Houston Restaurants Inc, Dallas, TX
Apple Houston Restaurants Inc is a corporation located at 13355 Noel Road Suite 1645 in Dallas, Texas that received a Coronavirus-related PPP loan from the SBA of $3,302,047.00 in April, 2020.
$ PPP Loan Information
Lender:VERITEX COMMUNITY BANK
Apple Houston Restaurants Inc received a Paycheck Protection Loan of $3.3M through VERITEX COMMUNITY BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Apple Houston Restaurants Inc's total 2019 payroll expenses were approximately $15.85M 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 $31,700 per employee1.
Business Information - Apple Houston Restaurants Inc in Dallas, TX
13355 Noel Road Suite 1645
Dallas, TX 75240
Full-Service Restaurants (NAICS code 722511)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: TX-32
Similar Companies near Dallas
In the Dallas area, 32 businesses in the "Full-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 98 employees (compared to this company's 500) and received an average PPP loan of $826,265 (compared to this company's $3.3M).
Similar Nearby Businesses Who Received PPP Funding:
MS Atwell, LLC
Crazy Lion Fish, Inc.
Lockhart Smokehouse Restaurant Plano, LP
MS Atwell, LLC
Commissary Hall LLC
Legend 94 Hospitality LLC
Apple Cal LLC
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 Apple Houston Restaurants Inc's reported 500 employees, and received an average PPP loan of $116,685, 96% lower than this company's loan of $3.3M.
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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