PPP Loan Data — Burgerville, LLC, Vancouver, WA

Burgerville, LLC

Entity: Limited Liability Company (LLC)

Industry: Limited-Service Restaurants

Location: Vancouver, WA

Burgerville, LLC is a limited liability company (LLC) located at 109 West 17th St in Vancouver, Washington that received a Coronavirus-related PPP loan from the SBA of $7,657,800.00 in April, 2020.

$ PPP Loan Information
Loan #6426757110

Loan Size:

$7.66M

Jobs Retained:

500

Loan Approved:

2020-04-14

Loan Status:

Paid in Full or Forgiven

Lender:

Umpqua Bank

Burgerville, LLC in Vancouver, WA received a Paycheck Protection Loan of $7.66M through Umpqua Bank, 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 March, 2022.

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, Burgerville, LLC's 2019 payroll expenses are estimated to be at least $36.76M.

Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $73,515 per employee¹

Reported PPP Proceed Usage:

On the PPP application, Burgerville, LLC reported intending to use the proceeds of their PPP loan for the following expenses:

Payroll: $7,657,800

Because the loan received by Burgerville, 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 - Burgerville, LLC in Vancouver, WA

Burgerville, LLC
109 West 17th St
Vancouver, WA 98660

Business Industry:
Limited-Service Restaurants
NAICS code 722513

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: Y

HUBZone: Y

Rural / Urban: Urban

Clark County, WA — SBA Office 1086 — Congressional District: WA-03

Similar Companies near Vancouver

In the Vancouver area, 31 businesses in the "Limited-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 28 employees (compared to this company's 500) and received an average PPP loan of $312,246 (compared to this company's $7.66M).

Similar Nearby Businesses Who Received PPP Funding:

Taqueria Los Alambres, LLC
Vancouver, WA

$20,200 PPP Loan

Hero Systems Inc
Vancouver, WA

$86,781 PPP Loan

Derek Saner
Vancouver, WA

$21,081 PPP Loan

Jamie Erdman, LLC
Vancouver, WA

$70,276 PPP Loan

Foode Fresh LLC
Vancouver, WA

$56,037 PPP Loan

City Sandwich Company
Vancouver, WA

$17,237 PPP Loan

K2H Coffee, LLC
Vancouver, WA

$131,354 PPP Loan

River Maiden LLC
Vancouver, WA

$62,530 PPP Loan

TIP Top Too LLC
Vancouver, WA

$93,200 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 136,544 businesses in the "Limited-Service Restaurants" industry received a total of $13.87B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 2% of the total PPP funding allocated.

PPP recipients in this industry report an average of 21 employees, 96% lower than Burgerville, LLC's reported 500 employees, and received an average PPP loan of $101,555, 99% lower than this company's loan of $7.66M.

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.

Have FederalPay.org's open data tools been valuable? Consider donating!