FederalPay.org
PPP Loan Data — Bi-Rite Restaurant Supply Co,
Brisbane, CA
Bi-Rite Restaurant Supply Co
Entity: Subchapter S Corporation
Industry: General Line Grocery Merchant Wholesalers
Location: Brisbane, CA
Tweet This
•
Search All PPP Data
Bi-Rite Restaurant Supply Co is a subchapter s corporation located at 123 S Hill Dr in Brisbane, California that received a Coronavirus-related PPP loan from the SBA of $2,000,000.00 in January, 2021.
$
PPP Loan Information
Loan #1054598406
Loan Size:
Jobs Retained:
205Loan Approved:
2021-01-31Loan Status:
Paid in Full or ForgivenLender:
Bank of San FranciscoBi-Rite Restaurant Supply Co in Brisbane, CA received a Paycheck Protection Loan of $2M through Bank of San Francisco, 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 July, 2022.
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, Bi-Rite Restaurant Supply Co's 2019 payroll expenses are estimated to be at least $9.6M.
Based on their reported 205 jobs retained, this equals an estimated average yearly compensation of $46,829 per employee1
Reported PPP Proceed Usage:
On the PPP application, Bi-Rite Restaurant Supply Co reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,999,995
- Utilities: $1
Business Information - Bi-Rite Restaurant Supply Co in Brisbane, CA
123 S Hill Dr
Brisbane, CA 94005
Business Industry:
General Line Grocery Merchant Wholesalers
NAICS code 424410
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 Bi-Rite Restaurant Supply Co.
A & B Produce Inc
Fresh Fruit and Vegetable Merchant Wholesalers
Similar Companies near Brisbane
In the Brisbane area, 2 businesses in the "General Line Grocery Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 105 employees (compared to this company's 205) and received an average PPP loan of $1,024,938 (compared to this company's $2M).
Similar Nearby Businesses Who Received PPP Funding:
Ames Fine Foods, Inc
Brisbane, CA
Industry PPP Comparison Statistics
Nationwide, 6,369 businesses in the "General Line Grocery Merchant Wholesalers" industry received a total of $744.89M in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 13 employees, 94% lower than Bi-Rite Restaurant Supply Co's reported 205 employees, and received an average PPP loan of $116,956, 94% lower than this company's loan of $2M.
Bi-Rite Restaurant Supply, Co
Entity: Subchapter S Corporation
Industry:
Location: Brisbane, CA
Tweet This
•
Search All PPP Data
Bi-Rite Restaurant Supply, Co is a subchapter s corporation located at 123 South Hill Drive in Brisbane, California that received a Coronavirus-related PPP loan from the SBA of $5,305,900.00 in April, 2020.
$
PPP Loan Information
Loan #9452087009
Loan Size:
Jobs Retained:
270Loan Approved:
2020-04-09Loan Status:
Paid in Full or ForgivenLender:
Bank of San FranciscoBi-Rite Restaurant Supply, Co in Brisbane, CA received a Paycheck Protection Loan of $5.31M through Bank of San Francisco, 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, Bi-Rite Restaurant Supply, Co's 2019 payroll expenses are estimated to be at least $25.47M.
Based on their reported 270 jobs retained, this equals an estimated average yearly compensation of $94,327 per employee1
Reported PPP Proceed Usage:
On the PPP application, Bi-Rite Restaurant Supply, Co reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $5,305,900
Business Information - Bi-Rite Restaurant Supply, Co in Brisbane, CA
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
Industry PPP Comparison Statistics
Nationwide, 132,325 businesses in the "" industry received a total of $5.85B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 13 employees, 95% lower than Bi-Rite Restaurant Supply, Co's reported 270 employees, and received an average PPP loan of $44,230, 99% lower than this company's loan of $5.31M.
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!