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PPP Loan Data — Circle Pizza, LLC,
Rancho Cordova, CA
Circle Pizza, LLC
Entity: Corporation
Industry: Full-Service Restaurants
Location: Rancho Cordova, CA
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Circle Pizza, LLC is a corporation located at Po Box 1646 in Rancho Cordova, California that received a Coronavirus-related PPP loan from the SBA of $2,500,000.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
200Loan Approved:
2020-04-04Lender:
CITY NATIONAL BANK OF FLORIDACircle Pizza, LLC in Rancho Cordova, CA received a Paycheck Protection Loan of $2.5M through CITY NATIONAL BANK OF FLORIDA, which was approved in April, 2020.
Based on standard PPP eligibility rules, Circle Pizza, LLC's total 2019 payroll expenses were approximately $12M in order to qualify for the PPP loan amount received.
Based on their reported 200 jobs retained, this equals an estimated average yearly compensation of $60,000 per employee1.
Business Information - Circle Pizza, LLC in Rancho Cordova, CA
Po Box 1646
Rancho Cordova, CA 95741
Business Industry
Full-Service Restaurants (NAICS code 722511)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: CA-07Similar Companies near Rancho Cordova
In the Rancho Cordova area, 11 businesses in the "Full-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 37 employees (compared to this company's 200) and received an average PPP loan of $327,505 (compared to this company's $2.5M).
Similar Nearby Businesses Who Received PPP Funding:
Soho Sushi Express, Inc.
Rancho Cordova, CA
Rudy's Hideaway, Inc.
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Angad Sahota, Inc.
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Lots Of Luck Chinese Food Cafe
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Mimosa House LLC
Rancho Cordova, CA
Go Fore Pizza/Go 4 Pizza
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Togo's
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Milo
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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, 90% lower than Circle Pizza, LLC's reported 200 employees, and received an average PPP loan of $116,685, 95% lower than this company's loan of $2.5M.
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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