Blue Ridge Restaurant Group, LLC in Columbia, MD - SBA PPP Loan Data (Paycheck Protection Program)

PPP Loan Data — Blue Ridge Restaurant Group, LLC, Columbia, MD

Blue Ridge Restaurant Group, LLC

Entity: Limited Liability Company (LLC)

Industry: Full-Service Restaurants

Location: Columbia, MD

Blue Ridge Restaurant Group, LLC is a limited liability company (LLC) located at 10500 Little Patuxent Pkwy 770 in Columbia, Maryland that received a Coronavirus-related PPP loan from the SBA of $3,154,000.00 in April, 2020.

The company has reported itself as a male owned business, and employed at least 490 people during the applicable loan loan period.

$ PPP Loan Information
Loan #7286517001

Loan Size:

$3.15M

Jobs Retained:

490

Loan Approved:

2020-04-07

Loan Status:

Ongoing Loan

Lender:

Sandy Spring Bank

Blue Ridge Restaurant Group, LLC in Columbia, MD received a Paycheck Protection Loan of $3.15M through Sandy Spring Bank, which was approved in April, 2020.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

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.

Understanding 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.

Based 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, Blue Ridge Restaurant Group, LLC's 2019 payroll expenses are estimated to be at least $15.14M.

Based on their reported 490 jobs retained, this equals an estimated average yearly compensation of $30,896 per employee¹

Reported PPP Proceed Usage:

On the PPP application, Blue Ridge Restaurant Group, LLC reported intending to use the proceeds of their PPP loan for the following expenses:

Payroll: $3,154,000

Because the loan received by Blue Ridge Restaurant Group, LLC is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Blue Ridge Restaurant Group, LLC in Columbia, MD

Blue Ridge Restaurant Group, LLC
10500 Little Patuxent Pkwy 770
Columbia, MD 21044

Business Industry:
Full-Service Restaurants
NAICS code 722511

Business Owner Demographics

Race: Unreported

Ethnicity: Not 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

Howard County, MD — SBA Office 0373 — Congressional District: MD-07

Similar Companies near Columbia

In the Columbia area, 118 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 490) and received an average PPP loan of $199,798 (compared to this company's $3.15M).

Similar Nearby Businesses Who Received PPP Funding:

Pollo Feliz & Taqueria Inc
Ellicott City, MD

$25,200 PPP Loan

Subway Development Corporation Of Washington
Columbia, MD

$179,441 PPP Loan

Cazbar Howard LLC
Columbia, MD

$29,711 PPP Loan

K Pocha Inc
Ellicott City, MD

$25,000 PPP Loan

Georgia Grace, LLC
Ellicott City, MD

$59,342 PPP Loan

Arirang Hill Carry Out
Columbia, MD

$11,200 PPP Loan

Mi & Yong Inc
Columbia, MD

$56,797 PPP Loan

Cafe EZ LLC
Ellicott City, MD

$61,784 PPP Loan

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, 96% lower than Blue Ridge Restaurant Group, LLC's reported 490 employees, and received an average PPP loan of $130,209, 96% lower than this company's loan of $3.15M.

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.

Search FederalPay's Full PPP Loan Database

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.

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