FederalPay.org
PPP Loan Data — Apple Metro Inc,
Harrison, NY
FRANCHISE
NYApple Metro Inc
Entity: Corporation
Industry: Full-Service Restaurants
Franchise: Applebee's Neighborhood Grill & Bar
Location: Harrison, NY
Tweet This
•
Search All PPP Data
Apple Metro Inc is a corporation located at 550 Mamaroneck Ave in Harrison, New York that received a Coronavirus-related PPP loan from the SBA of $2,000,000.00 in January, 2021. This business is a Applebee's Neighborhood Grill & Bar franchise.
$
PPP Loan Information
Loan #9238138300
Loan Size:
Jobs Retained:
113Loan Approved:
2021-01-30Loan Status:
Paid in Full or ForgivenLender:
Equity BankApple Metro Inc in Harrison, NY received a Paycheck Protection Loan of $2M through Equity Bank, which was approved in January, 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, 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 Metro Inc's 2019 payroll expenses are estimated to be at least $9.6M.
Based on their reported 113 jobs retained, this equals an estimated average yearly compensation of $84,956 per employee1
Reported PPP Proceed Usage:
On the PPP application, Apple Metro Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,000,000
Business Information - Apple Metro Inc in Harrison, NY
550 Mamaroneck Ave
Harrison, NY 10528
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 9 other businesses that received a PPP loan registered to the same address as Apple Metro Inc.
Mask Partners LLC
Unknown
Alter & Brescia LLP
Offices of Lawyers
Olga Soltis DDS
Offices of Dentists
The Cotswold Group, Inc
Other Activities Related to Real Estate
Steven Polevoy DMD PC
Offices of All Other Miscellaneous Health Practitioners
Am Subr LLC
Full-Service Restaurants
Fred C. Gloeckner & Company, Inc
Flower, Nursery Stock, and Florists' Supplies Merchant Wholesalers
Am Sub LLC
Full-Service Restaurants
Am NYC LLC
Full-Service Restaurants
Similar Companies near Harrison
In the Harrison area, 28 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 113) and received an average PPP loan of $495,339 (compared to this company's $2M).
Similar Nearby Businesses Who Received PPP Funding:
The Market At Gus's Inc
Harrison, NY
Am Sub, LLC
Harrison, NY
Wellingtons Grill Inc
Harrison, NY
Am Subr, LLC
Harrison, NY
PAR Rosa Restaurant Corp
Harrison, NY
Ken's Pizza Station LLC
Harrison, NY
Trattoria Vivolo Inc
Harrison, NY
Halstead Ave Restaurant Corp
Harrison, NY
Industry PPP Comparison Statistics
Nationwide, 326,480 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, 81% lower than Apple Metro Inc's reported 113 employees, and received an average PPP loan of $130,209, 93% lower than this company's loan of $2M.
FRANCHISE
NYApple Metro Inc
Entity: Corporation
Industry: Limited-Service Restaurants
Franchise: Applebee's Neighborhood Grill & Bar
Location: Harrison, NY
Tweet This
•
Search All PPP Data
Apple Metro Inc is a corporation located at Mamaroneck Ave in Harrison, New York that received a Coronavirus-related PPP loan from the SBA of $2,920,900.00 in April, 2020. This business is a Applebee's Neighborhood Grill & Bar franchise.
$
PPP Loan Information
Loan #7791827110
Loan Size:
Jobs Retained:
149Loan Approved:
2020-04-14Loan Status:
Paid in Full or ForgivenLender:
Equity BankApple Metro Inc in Harrison, NY received a Paycheck Protection Loan of $2.92M through Equity 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 May, 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 Metro Inc's 2019 payroll expenses are estimated to be at least $14.02M.
Based on their reported 149 jobs retained, this equals an estimated average yearly compensation of $94,096 per employee1
Reported PPP Proceed Usage:
On the PPP application, Apple Metro Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,920,900
Business Information - Apple Metro Inc in Harrison, NY
Mamaroneck Ave
Harrison, NY 10528
Business Industry:
Limited-Service Restaurants
NAICS code 722513
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 is one other business that received a PPP loan registered to the same address as Apple Metro Inc.
Am NYC, LLC
Limited-Service Restaurants
Similar Companies near Harrison
In the Harrison area, 10 businesses in the "Limited-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 81 employees (compared to this company's 149) and received an average PPP loan of $620,637 (compared to this company's $2.92M).
Similar Nearby Businesses Who Received PPP Funding:
Halstead Ave Restaurant Corp-Sba Small 7A Term
Harrison, NY
Am NYC, LLC
Harrison, NY
Perugia Management Corp
Harrison, NY
Taku Chen Kitchen Inc
Harrison, NY
Cinos, LLC
Harrison, NY
Jam N Pizza Company, Inc
Harrison, NY
Joe Vin Enterprises LLC DBA Uncle Henry
Harrison, NY
New China III USA Inc
Harrison, NY
Industry PPP Comparison Statistics
Nationwide, 136,560 businesses in the "Limited-Service Restaurants" industry received a total of $13.87B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 2% of the total PPP funding allocated.
PPP recipients in this industry report an average of 21 employees, 86% lower than Apple Metro Inc's reported 149 employees, and received an average PPP loan of $101,544, 97% lower than this company's loan of $2.92M.
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.
Have FederalPay.org's open data tools been valuable? Consider donating!