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PPP Loan Data — Biaggi's Ristorante Italiano, LLC,
Bloomington, IL
Biaggi's Ristorante Italiano, LLC
Entity: Limited Liability Company (LLC)
Industry: Full-Service Restaurants
Location: Bloomington, IL
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Biaggi's Ristorante Italiano, LLC is a limited liability company (LLC) located at 1705 Clearwater Ave in Bloomington, Illinois that received a Coronavirus-related PPP loan from the SBA of $6,565,000.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
0 UnreportedLoan Approved:
2020-04-14Lender:
FIRST MID BANK & TRUST, NATIONAL ASSOCIATIONBiaggi's Ristorante Italiano, LLC in Bloomington, IL received a Paycheck Protection Loan of $6.57M through FIRST MID BANK & TRUST, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Biaggi's Ristorante Italiano, LLC's total 2019 payroll expenses were approximately $31.51M in order to qualify for the PPP loan amount received.
Unlike most businesses, Biaggi's Ristorante Italiano, LLC's PPP data does not report the number of jobs retained by their receipt of the Paycheck Protection Loan (some banks did not release this infomation from their loan applications). Without this data, per-employee payrolls for this company cannot be estimated.
Business Information - Biaggi's Ristorante Italiano, LLC in Bloomington, IL
1705 Clearwater Ave
Bloomington, IL 61704
Business Industry
Full-Service Restaurants (NAICS code 722511)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: IL-18Similar Companies near Bloomington
In the Bloomington area, 28 businesses in the "Full-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 29 employees (compared to this company's 0) and received an average PPP loan of $352,107 (compared to this company's $6.57M).
Similar Nearby Businesses Who Received PPP Funding:
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Old English Inn LTD
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Braize, LLC
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Fiesta Ranchera Of Bloomington, Inc.
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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, and received an average PPP loan of $116,685, 98% lower than this company's loan of $6.57M.
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.
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