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PPP Loan Data — Apple Investors Group LLC,
Boynton Beach, FL
FRANCHISE
FLApple Investors Group LLC
Entity: Limited Liability Company (LLC)
Industry: Full-Service Restaurants
Franchise: Applebee's Neighborhood Grill & Bar
Location: Boynton Beach, FL
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Apple Investors Group LLC is a limited liability company (LLC) located at 648 Riviera Dr in Boynton Beach, Florida 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.
The company has reported itself as a male owned business, and employed at least 300 people during the applicable loan loan period.
$
PPP Loan Information
Loan #8628278406
Loan Size:
Jobs Retained:
300Loan Approved:
2021-02-13Loan Status:
Paid in Full or ForgivenLender:
Montgomery BankApple Investors Group LLC in Boynton Beach, FL received a Paycheck Protection Loan of $2M through Montgomery 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 December, 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 Investors Group 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 Investors Group LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,999,995
- Utilities: $1
Business Information - Apple Investors Group LLC in Boynton Beach, FL
648 Riviera Dr
Boynton Beach, FL 33435
Business Industry:
Full-Service Restaurants
NAICS code 722511
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Male Owned
Veteran Status: Non-Veteran
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 3 other businesses that received a PPP loan registered to the same address as Apple Investors Group LLC.
Cape Dogwood 573 LLC
All Other Amusement and Recreation Industries
Pancake Holding Company LLC
Full-Service Restaurants
AIG TN Holding LLC
Full-Service Restaurants
Similar Companies near Boynton Beach
In the Boynton Beach area, 95 businesses in the "Full-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 33 employees (compared to this company's 300) and received an average PPP loan of $237,947 (compared to this company's $2M).
Similar Nearby Businesses Who Received PPP Funding:
Aigp, LLC
Boynton Beach, FL
DSS Restaurant Management Inc
Boynton Beach, FL
Lins Yokohama LLC
Boca Raton, FL
Jcd-Vinnys Cafe Inc
Boca Raton, FL
Baciami Inc
Boynton Beach, FL
Sakine Guven
Boca Raton, FL
Jacques C Auguste
Boynton Beach, FL
H&L Restaurant Group LLC
Boca Raton, FL
Marlees Bistro & Cupcakery LLC
Boca Raton, FL
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 Investors Group LLC's reported 300 employees, and received an average PPP loan of $130,215, 93% lower than this company's loan of $2M.
FRANCHISE
FLApple Investors Group, LLC
Entity: Limited Liability Company (LLC)
Industry: Full-Service Restaurants
Franchise: Applebee's Neighborhood Grill & Bar
Location: Boynton Beach, FL
Tweet This
•
Search All PPP Data
Apple Investors Group, LLC is a limited liability company (LLC) located at 648 Riviera Dr in Boynton Beach, Florida that received a Coronavirus-related PPP loan from the SBA of $3,620,000.00 in April, 2020. This business is a Applebee's Neighborhood Grill & Bar franchise.
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
Loan #4463387008
Loan Size:
Jobs Retained:
250Loan Approved:
2020-04-03Loan Status:
Paid in Full or ForgivenLender:
Southern BankApple Investors Group, LLC in Boynton Beach, FL received a Paycheck Protection Loan of $3.62M through Southern 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 Investors Group, LLC's 2019 payroll expenses are estimated to be at least $17.38M.
Based on their reported 250 jobs retained, this equals an estimated average yearly compensation of $69,504 per employee1
Reported PPP Proceed Usage:
On the PPP application, Apple Investors Group, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,715,000
- Utilities: $452,500
- Rent: $452,500
Business Information - Apple Investors Group, LLC in Boynton Beach, FL
648 Riviera Dr
Boynton Beach, FL 33435
Business Industry:
Full-Service Restaurants
NAICS code 722511
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Male Owned
Veteran Status: Non-Veteran
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 3 other businesses that received a PPP loan registered to the same address as Apple Investors Group, LLC.
Cape Dogwood 573 LLC
All Other Amusement and Recreation Industries
Pancake Holding Company LLC
Full-Service Restaurants
AIG TN Holding LLC
Full-Service Restaurants
Similar Companies near Boynton Beach
In the Boynton Beach area, 95 businesses in the "Full-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 33 employees (compared to this company's 250) and received an average PPP loan of $237,947 (compared to this company's $3.62M).
Similar Nearby Businesses Who Received PPP Funding:
Aigp, LLC
Boynton Beach, FL
DSS Restaurant Management Inc
Boynton Beach, FL
Lins Yokohama LLC
Boca Raton, FL
Jcd-Vinnys Cafe Inc
Boca Raton, FL
Baciami Inc
Boynton Beach, FL
Sakine Guven
Boca Raton, FL
Jacques C Auguste
Boynton Beach, FL
H&L Restaurant Group LLC
Boca Raton, FL
Marlees Bistro & Cupcakery LLC
Boca Raton, FL
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, 91% lower than Apple Investors Group, LLC's reported 250 employees, and received an average PPP loan of $130,215, 96% lower than this company's loan of $3.62M.
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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