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PPP Loan Data — Culinaire International Inc,
Dallas, TX
Culinaire International Inc
Entity: Corporation
Industry: Food Service Contractors
Location: Dallas, TX
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Culinaire International Inc is a corporation located at 8303 Elmbrook Dr in Dallas, Texas that received a Coronavirus-related PPP loan from the SBA of $1,990,000.00 in May, 2021.
The company has reported itself as a White male owned business, and employed at least 153 people during the applicable loan loan period.
$
PPP Loan Information
Loan #8243569002
Loan Size:
Jobs Retained:
153Loan Approved:
2021-05-27Loan Status:
Paid in Full or ForgivenLender:
Unity National Bank of HoustonCulinaire International Inc in Dallas, TX received a Paycheck Protection Loan of $1.99M through Unity National Bank of Houston, which was approved in May, 2021.
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.
Read MoreUnderstanding 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 MoreBased 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, Culinaire International Inc's 2019 payroll expenses are estimated to be at least $9.55M.
Based on their reported 153 jobs retained, this equals an estimated average yearly compensation of $62,431 per employee1
Reported PPP Proceed Usage:
On the PPP application, Culinaire International Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,989,996
- Utilities: $1
Business Information - Culinaire International Inc in Dallas, TX
8303 Elmbrook Dr
Dallas, TX 75247
Business Industry:
Food Service Contractors
NAICS code 722310
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
Similar Companies near Dallas
In the Dallas area, 8 businesses in the "Food Service Contractors" industry received a PPP loan. These local businesses reported an average of 102 employees (compared to this company's 153) and received an average PPP loan of $1,505,220 (compared to this company's $1.99M).
Similar Nearby Businesses Who Received PPP Funding:
Arcelys Prieto
Dallas, TX
Van Oriental Food Inc
Dallas, TX
Chic Coffee Events
Dallas, TX
Signature Services Corporation
Dallas, TX
Industry PPP Comparison Statistics
Nationwide, 35,805 businesses in the "Food Service Contractors" industry received a total of $1.95B 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 7 employees, 95% lower than Culinaire International Inc's reported 153 employees, and received an average PPP loan of $54,506, 97% lower than this company's loan of $1.99M.
Culinaire International Inc
Entity: Corporation
Industry: Food Service Contractors
Location: Dallas, TX
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•
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Culinaire International Inc is a corporation located at 8303 Elmbrook Drive in Dallas, Texas that received a Coronavirus-related PPP loan from the SBA of $8,235,300.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least 500 people during the applicable loan loan period.
$
PPP Loan Information
Loan #2367397110
Loan Size:
Jobs Retained:
500Loan Approved:
2020-04-10Loan Status:
Ongoing LoanLender:
Zions Bank, A Division ofCulinaire International Inc in Dallas, TX received a Paycheck Protection Loan of $8.24M through Zions Bank, A Division of, 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.
Read MoreUnderstanding 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 MoreBased 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, Culinaire International Inc's 2019 payroll expenses are estimated to be at least $39.53M.
Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $79,059 per employee1
Reported PPP Proceed Usage:
On the PPP application, Culinaire International Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $8,235,300
Business Information - Culinaire International Inc in Dallas, TX
8303 Elmbrook Drive
Dallas, TX 75247
Business Industry:
Food Service Contractors
NAICS code 722310
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
Similar Companies near Dallas
In the Dallas area, 8 businesses in the "Food Service Contractors" industry received a PPP loan. These local businesses reported an average of 102 employees (compared to this company's 500) and received an average PPP loan of $1,505,220 (compared to this company's $8.24M).
Similar Nearby Businesses Who Received PPP Funding:
Arcelys Prieto
Dallas, TX
Van Oriental Food Inc
Dallas, TX
Chic Coffee Events
Dallas, TX
Signature Services Corporation
Dallas, TX
Industry PPP Comparison Statistics
Nationwide, 35,805 businesses in the "Food Service Contractors" industry received a total of $1.95B 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 7 employees, 99% lower than Culinaire International Inc's reported 500 employees, and received an average PPP loan of $54,506, 99% lower than this company's loan of $8.24M.
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.
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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