PPP Loan Data — Dinosaur Restaurants, LLC, Syracuse, NY
Dinosaur Restaurants, LLC is a limited liability company (LLC) located at 234 W Genesee St in Syracuse, New York that received a Coronavirus-related PPP loan from the SBA of $5,170,805.00 in April, 2020.
$ PPP Loan Information
Dinosaur Restaurants, LLC received a Paycheck Protection Loan of $5.17M through SOLVAY BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Dinosaur Restaurants, LLC's total 2019 payroll expenses were approximately $24.82M in order to qualify for the PPP loan amount received.
Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $49,640 per employee1.
Business Information - Dinosaur Restaurants, LLC in Syracuse, NY
234 W Genesee St
Syracuse, NY 13202
Full-Service Restaurants (NAICS code 722511)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: NY-24
Similar Companies near Syracuse
In the Syracuse area, 32 businesses in the "Full-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 36 employees (compared to this company's 500) and received an average PPP loan of $258,391 (compared to this company's $5.17M).
Similar Nearby Businesses Who Received PPP Funding:
Eden Hospitality LLC
AJ Suds, Inc
Tang Flavor Chinese Food Inc
Prime Steakhouse At The Gridley LLC
Karen's Catering Of Syracuse, LLC
Origional Grain LLC
125 East Water LLC
Wheelz Now, LLC
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, 96% lower than Dinosaur Restaurants, LLC's reported 500 employees, and received an average PPP loan of $116,685, 98% lower than this company's loan of $5.17M.
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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