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PPP Loan Data — Big Steaks Management, LLC,
Pikesville, MD
Big Steaks Management, LLC
Entity: Limited Liability Company (LLC)
Industry: Full-Service Restaurants
Location: Pikesville, MD
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Big Steaks Management, LLC is a limited liability company (LLC) located at 1777 Reisterstown Rd in Pikesville, Maryland that received a Coronavirus-related PPP loan from the SBA of $3,171,600.00 in April, 2020.
The company has reported itself as a Hispanic male owned business, and employed at least 437 people during the applicable loan loan period.
$ PPP Loan Information
Loan Size:
Jobs Retained:
437Loan Approved:
2020-04-08Lender:
INCREDIBLEBANKBig Steaks Management, LLC in Pikesville, MD received a Paycheck Protection Loan of $3.17M through INCREDIBLEBANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Big Steaks Management, LLC's total 2019 payroll expenses were approximately $15.22M in order to qualify for the PPP loan amount received.
Based on their reported 437 jobs retained, this equals an estimated average yearly compensation of $34,837 per employee1.
Business Information - Big Steaks Management, LLC in Pikesville, MD
1777 Reisterstown Rd
Pikesville, MD 21208
Business Industry
Full-Service Restaurants (NAICS code 722511)
Business Owner Demographics
Race / Ethnicity: HISPANIC
Gender: MALE OWNED
Veteran Status: NON-VETERAN
Congressional District: MD-03Similar Companies near Pikesville
In the Pikesville area, 42 businesses in the "Full-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 24 employees (compared to this company's 437) and received an average PPP loan of $142,495 (compared to this company's $3.17M).
Similar Nearby Businesses Who Received PPP Funding:
Marketa 450 LLC
Baltimore, MD
No.1 Chinese Kitchen Inc
Pikesville, MD
Purple Potato LLC
Baltimore, MD
Albalu, LTD
Pikesville, MD
Franks Foods, LLC
Baltimore, MD
LIN & Lam Inc
Baltimore, MD
Woodmoor Cocktail Lounge LLC
Baltimore, MD
ERL Food Services, Inc.
Baltimore, MD
Everest Management Services, Inc
Gwynn Oak, MD
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, 95% lower than Big Steaks Management, LLC's reported 437 employees, and received an average PPP loan of $116,685, 96% lower than this company's loan of $3.17M.
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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