PPP Loan Data — Big Steaks Management, LLC, Pikesville, MD
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
Big 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
Full-Service Restaurants (NAICS code 722511)
Business Owner Demographics
Race / Ethnicity: HISPANIC
Gender: MALE OWNED
Veteran Status: NON-VETERANCongressional District: MD-03
Similar 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
No.1 Chinese Kitchen Inc
Purple Potato LLC
Franks Foods, LLC
LIN & Lam Inc
Woodmoor Cocktail Lounge LLC
ERL Food Services, Inc.
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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