FederalPay.org
PPP Loan Data — B&G Food Enterprises Of Texas, LLC,
Morgan City, LA
B&G Food Enterprises Of Texas, LLC
Entity: Limited Liability Company (LLC)
Industry: Limited-Service Restaurants
Location: Morgan City, LA
Tweet This
•
Search All PPP Data
B&G Food Enterprises Of Texas, LLC is a limited liability company (LLC) located at 1430 Sandra St in Morgan City, Louisiana that received a Coronavirus-related PPP loan from the SBA of $3,459,700.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
500Loan Approved:
2020-04-05Lender:
B1BANKB&G Food Enterprises Of Texas, LLC in Morgan City, LA received a Paycheck Protection Loan of $3.46M through B1BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, B&G Food Enterprises Of Texas, LLC's total 2019 payroll expenses were approximately $16.61M 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 $33,213 per employee1.
Business Information - B&G Food Enterprises Of Texas, LLC in Morgan City, LA
1430 Sandra St
Morgan City, LA 70380
Business Industry
Limited-Service Restaurants (NAICS code 722513)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: LA-03Similar Companies near Morgan City
In the Morgan City area, 10 businesses in the "Limited-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 203 employees (compared to this company's 500) and received an average PPP loan of $1,103,297 (compared to this company's $3.46M).
Similar Nearby Businesses Who Received PPP Funding:
Danny's Fried Chicken Inc
Morgan City, LA
Cat Enterprises - St Mary, LLC
Morgan City, LA
B&G Capital & Gulf Coast Ventures, LLC
Morgan City, LA
Chris' Sack 6; Save, Inc.
Morgan City, LA
B&G Lafayette Ventures LLC
Morgan City, LA
Wilburn Enterprises, LLC
Morgan City, LA
CEC Enterprises LLC
Morgan City, LA
B & G Food Enterprises Inc
Morgan City, LA
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 B&G Food Enterprises Of Texas, LLC's reported 500 employees, and received an average PPP loan of $120,904, 97% lower than this company's loan of $3.46M.
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.
Have FederalPay.org's open data tools been valuable? Consider donating!