PPP Loan Data — DFD Barbeque,LLC, Memphis, TN
DFD Barbeque,LLC is a limited liability company (LLC) located at 5240 Poplar Ave 3redfloor in Memphis, Tennessee that received a Coronavirus-related PPP loan from the SBA of $1,855,500.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
DFD Barbeque,LLC in Memphis, TN received a Paycheck Protection Loan of $1.86M through Paragon 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 May, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
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, DFD Barbeque,LLC's 2019 payroll expenses are estimated to be at least $8.91M.
Based on their reported 241 jobs retained, this equals an estimated average yearly compensation of $36,956 per employee1
Reported PPP Proceed Usage:
On the PPP application, DFD Barbeque,LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,855,500
Business Information - DFD Barbeque,LLC in Memphis, TN
5240 Poplar Ave 3redfloor
Memphis, TN 38119
NAICS code 722511
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Memphis
In the Memphis area, 51 businesses in the "Full-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 25 employees (compared to this company's 241) and received an average PPP loan of $131,667 (compared to this company's $1.86M).
Similar Nearby Businesses Who Received PPP Funding:
Mayuri Group LLC
Marquez Helms Jr
Erling's Restaurant, LLC
Tuscany South LLC
Jose Bistro LLC
Los Comales, Inc
Robust Ventures LLC
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, 91% lower than DFD Barbeque,LLC's reported 241 employees, and received an average PPP loan of $129,504, 93% lower than this company's loan of $1.86M.
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Footnotes & Information
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