FederalPay.org
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
Tweet This
•
Search All PPP Data
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 $2,000,000.00 in March, 2021.
The company has reported itself as a White male owned business, and employed at least 363 people during the applicable loan loan period.
$
PPP Loan Information
Loan #6082668610
Loan Size:
Jobs Retained:
363Loan Approved:
2021-03-20Loan Status:
Paid in Full or ForgivenLender:
IncredibleBankBig Steaks Management LLC in Pikesville, MD received a Paycheck Protection Loan of $2M through IncredibleBank, which was approved in March, 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 November, 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, Big Steaks Management LLC's 2019 payroll expenses are estimated to be at least $9.6M.
Based on their reported 363 jobs retained, this equals an estimated average yearly compensation of $26,446 per employee1
Reported PPP Proceed Usage:
On the PPP application, Big Steaks Management LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,000,000
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: White
Ethnicity: Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Businesses Using Same Address:
There are 8 other businesses that received a PPP loan registered to the same address as Big Steaks Management LLC.
Dr Desmond M Kaplan LLC
Offices of Physicians, Mental Health Specialists
Taylor Listening Center LLC
Offices of Physical, Occupational and Speech Therapists, and Audiologists
Bob Van Galoubandi LLC
Offices of Lawyers
Law Office Of Robert W Clark, Jr., LLC
Offices of Lawyers
Barbara K. Honig, MD., PA
Offices of Physicians (except Mental Health Specialists)
Kassmel Inc
All Other Health and Personal Care Stores
Health Record Services Inc
Other Management Consulting Services
Metropolitan Management LLC
Residential Property Managers
Similar Companies near Pikesville
In the Pikesville area, 74 businesses in the "Full-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 25 employees (compared to this company's 363) and received an average PPP loan of $150,541 (compared to this company's $2M).
Similar Nearby Businesses Who Received PPP Funding:
Golden West Cafe Inc
Baltimore, MD
Pikes Diner Inc
Pikesville, MD
Sparta Inn LLC
Gwynn Oak, MD
Cen's Corporation
Baltimore, MD
El Migueleno Restaurant LLC
Gwynn Oak, MD
Franks Foods, LLC
Baltimore, MD
Jumbo Seafood Restaurant Inc
Pikesville, MD
QBC Inc
Baltimore, MD
Malix BBQ LLC
Gwynn Oak, MD
Industry PPP Comparison Statistics
Nationwide, 326,480 businesses in the "Full-Service Restaurants" industry received a total of $42.51B in PPP loans. These businesses account for 3% of total PPP applications submitted, and received 5% of the total PPP funding allocated.
PPP recipients in this industry report an average of 22 employees, 94% lower than Big Steaks Management LLC's reported 363 employees, and received an average PPP loan of $130,209, 93% lower than this company's loan of $2M.
FRANCHISE
MDBig Steaks Management, LLC
Entity: Limited Liability Company (LLC)
Industry: Full-Service Restaurants
Franchise: Ruth's Chris Steak House
Location: Pikesville, MD
Tweet This
•
Search All PPP Data
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. This business is a Ruth's Chris Steak House franchise.
The company has reported itself as a White male owned business, and employed at least 437 people during the applicable loan loan period.
$
PPP Loan Information
Loan #7721367010
Loan Size:
Jobs Retained:
437Loan Approved:
2020-04-08Loan Status:
Paid in Full or ForgivenLender:
IncredibleBankBig Steaks Management, LLC in Pikesville, MD received a Paycheck Protection Loan of $3.17M through IncredibleBank, 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 May, 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, Big Steaks Management, LLC's 2019 payroll expenses are estimated to be at least $15.22M.
Based on their reported 437 jobs retained, this equals an estimated average yearly compensation of $34,837 per employee1
Reported PPP Proceed Usage:
On the PPP application, Big Steaks Management, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $3,171,600
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: White
Ethnicity: Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Businesses Using Same Address:
There are 8 other businesses that received a PPP loan registered to the same address as Big Steaks Management, LLC.
Dr Desmond M Kaplan LLC
Offices of Physicians, Mental Health Specialists
Taylor Listening Center LLC
Offices of Physical, Occupational and Speech Therapists, and Audiologists
Bob Van Galoubandi LLC
Offices of Lawyers
Law Office Of Robert W Clark, Jr., LLC
Offices of Lawyers
Barbara K. Honig, MD., PA
Offices of Physicians (except Mental Health Specialists)
Kassmel Inc
All Other Health and Personal Care Stores
Health Record Services Inc
Other Management Consulting Services
Metropolitan Management LLC
Residential Property Managers
Similar Companies near Pikesville
In the Pikesville area, 74 businesses in the "Full-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 25 employees (compared to this company's 437) and received an average PPP loan of $150,541 (compared to this company's $3.17M).
Similar Nearby Businesses Who Received PPP Funding:
Golden West Cafe Inc
Baltimore, MD
Pikes Diner Inc
Pikesville, MD
Sparta Inn LLC
Gwynn Oak, MD
Cen's Corporation
Baltimore, MD
El Migueleno Restaurant LLC
Gwynn Oak, MD
Franks Foods, LLC
Baltimore, MD
Jumbo Seafood Restaurant Inc
Pikesville, MD
QBC Inc
Baltimore, MD
Malix BBQ LLC
Gwynn Oak, MD
Industry PPP Comparison Statistics
Nationwide, 326,480 businesses in the "Full-Service Restaurants" industry received a total of $42.51B in PPP loans. These businesses account for 3% of total PPP applications submitted, and received 5% of the total PPP funding allocated.
PPP recipients in this industry report an average of 22 employees, 95% lower than Big Steaks Management, LLC's reported 437 employees, and received an average PPP loan of $130,209, 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, 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!