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PPP Loan Data — Burtons Grill LLC,
Andover, MA
Burtons Grill LLC
Entity: Limited Liability Company (LLC)
Industry: Full-Service Restaurants
Location: Andover, MA
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Burtons Grill LLC is a limited liability company (LLC) located at 300 Brickstone Sq in Andover, Massachusetts that received a Coronavirus-related PPP loan from the SBA of $9,250,200.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
0 UnreportedLoan Approved:
2020-04-14Lender:
CITIZENS BANK, NATIONAL ASSOCIATIONBurtons Grill LLC received a Paycheck Protection Loan of $9.25M through CITIZENS BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Burtons Grill LLC's total 2019 payroll expenses were approximately $44.4M in order to qualify for the PPP loan amount received.
Unlike most businesses, Burtons Grill LLC's PPP data does not report the number of jobs retained by their receipt of the Paycheck Protection Loan (some banks did not release this infomation from their loan applications). Without this data, per-employee payrolls for this company cannot be estimated.
Business Information - Burtons Grill LLC in Andover, MA
300 Brickstone Sq
Andover, MA 1810
Business Industry
Full-Service Restaurants (NAICS code 722511)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: MA-03Similar Companies near Andover
In the Andover area, 28 businesses in the "Full-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 17 employees (compared to this company's 0) and received an average PPP loan of $483,225 (compared to this company's $9.25M).
Similar Nearby Businesses Who Received PPP Funding:
Old Andover Restaurant, Inc.
Andover, MA
C7 Hospitality Group, LLC
Andover, MA
Andover Mexican Restaurant, Inc
Andover, MA
Farmers Row Hospitality Inc.
Andover, MA
Depot House Of Pizza
Andover, MA
Feng Fu Inc
Andover, MA
SCP Inc
Andover, MA
Spinners Pizza Parlor Inc
Andover, MA
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, and received an average PPP loan of $116,685, 99% lower than this company's loan of $9.25M.
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.
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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