PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Crave Cantina LLC, Cuyahoga Falls, OH

ALERT: There are 2 PPP loans for a total of $249,817 in our database for businesses with the name "Crave Cantina LLC" in Cuyahoga Falls, OH. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for Crave Cantina LLC
OH

Crave Cantina LLC

Entity: Limited Liability Company (LLC)

Industry: Full-Service Restaurants

Location: Cuyahoga Falls, OH

Search All PPP Data

Crave Cantina LLC is a limited liability company (LLC) located at 2097 Front St in Cuyahoga Falls, Ohio that received a Coronavirus-related PPP loan from the SBA of $145,731.00 in February, 2021.

The company has reported itself as a White male owned business, and employed at least 57 people during the applicable loan loan period.

$ PPP Loan Information
Loan #2897158504

Loan Size:

$145,731

Jobs Retained:

57

Loan Approved:

2021-02-22

Loan Status:

Ongoing Loan

Lender:

KeyBank National Association

Crave Cantina LLC in Cuyahoga Falls, OH received a Paycheck Protection Loan of $145,731 through KeyBank National Association, which was approved in February, 2021.

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.

Read More
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.

Read More

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, Crave Cantina LLC's 2019 payroll expenses are estimated to be at least $699,509.

Based on their reported 57 jobs retained, this equals an estimated average yearly compensation of $12,272 per employee1

Reported PPP Proceed Usage:

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

  • Payroll: $145,726
  • Utilities: $1

Business Information - Crave Cantina LLC in Cuyahoga Falls, OH

Crave Cantina LLC
2097 Front St
Cuyahoga Falls, OH 44221

Business Industry:
Full-Service Restaurants
NAICS code 722511

Business Owner Demographics

Race: White

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: Y

HUBZone: Y

Rural / Urban: Urban

Summit County, OH — SBA Office 0549 — Congressional District: OH-13

Similar Companies near Cuyahoga Falls

In the Cuyahoga Falls area, 23 businesses in the "Full-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 26 employees (compared to this company's 57) and received an average PPP loan of $109,140 (compared to this company's $145,731).

Industry PPP Comparison Statistics

Nationwide, 328,914 businesses in the "Full-Service Restaurants" industry received a total of $42.6B 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, 61% lower than Crave Cantina LLC's reported 57 employees, and received an average PPP loan of $129,504, 11% lower than this company's loan of $145,731.

SBA PPP loan data, payroll data, and salaries for Crave Cantina, LLC
OH

Crave Cantina, LLC

Entity: Limited Liability Company (LLC)

Industry: Drinking Places (Alcoholic Beverages)

Location: Cuyahoga Falls, OH

Search All PPP Data

Crave Cantina, LLC is a limited liability company (LLC) located at 2097 Front Street in Cuyahoga Falls, Ohio that received a Coronavirus-related PPP loan from the SBA of $104,086.00 in May, 2020.

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

$ PPP Loan Information
Loan #3630937708

Loan Size:

$104,086

Jobs Retained:

16

Loan Approved:

2020-05-01

Loan Status:

Ongoing Loan

Lender:

KeyBank National Association

Crave Cantina, LLC in Cuyahoga Falls, OH received a Paycheck Protection Loan of $104,086 through KeyBank National Association, which was approved in May, 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.

Read More
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.

Read More

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, Crave Cantina, LLC's 2019 payroll expenses are estimated to be at least $499,613.

Based on their reported 16 jobs retained, this equals an estimated average yearly compensation of $31,226 per employee1

Reported PPP Proceed Usage:

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

  • Payroll: $104,086

Business Information - Crave Cantina, LLC in Cuyahoga Falls, OH

Crave Cantina, LLC
2097 Front Street
Cuyahoga Falls, OH 44221

Business Industry:
Drinking Places (Alcoholic Beverages)
NAICS code 722410

Business Owner Demographics

Race: White

Ethnicity: Not Hispanic or Latino

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age:

LMI Zone: Y

HUBZone: Y

Rural / Urban: Urban

Summit County, OH — SBA Office 0549 — Congressional District: OH-13

Similar Companies near Cuyahoga Falls

In the Cuyahoga Falls area, 4 businesses in the "Drinking Places (Alcoholic Beverages)" industry received a PPP loan. These local businesses reported an average of 9 employees (compared to this company's 16) and received an average PPP loan of $38,099 (compared to this company's $104,086).

Industry PPP Comparison Statistics

Nationwide, 46,930 businesses in the "Drinking Places (Alcoholic Beverages)" industry received a total of $2.81B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.

PPP recipients in this industry report an average of 12 employees, 25% lower than Crave Cantina, LLC's reported 16 employees, and received an average PPP loan of $59,863, 42% lower than this company's loan of $104,086.

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!

** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/crave-cantina-llc-cuyahoga-falls-oh