PPP Loan Data — DW Restaurant Holder, LLC, Atlanta, GA

DW Restaurant Holder, LLC is a limited liability company (LLC) located at 1815 The Exchange Se in Atlanta, Georgia that received a Coronavirus-related PPP loan from the SBA of $7,004,483.00 in April, 2020.

$ PPP Loan Information

Loan #5870047002

DW Restaurant Holder, LLC in Atlanta, GA received a Paycheck Protection Loan of $7M through Loan Source Incorporated, 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 February, 2022.

The size of company's PPP loan indicates that the number of employees on payroll during the eligibility calculation period (typically 2019) was higher than the 321 jobs reported as retained on the PPP application³. This could be caused by a reduction in employment since 2019, due to Coronavirus or other factors.

The minimum number of employees this company must have had in 2019 to qualify for the loan range received is 336. This estimation is accurate if all employees were paid at or over the $100k PPP salary eligibility cap.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

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, DW Restaurant Holder, LLC's 2019 payroll expenses are estimated to be at least $33.62M (not accounting for salary amounts > $100k).

Because the 321 jobs reported are not enough to account for the loan range received, per-employee payrolls cannot be estimated.

Reported PPP Proceed Usage:

On the PPP application, DW Restaurant Holder, LLC reported intending to use the proceeds of their PPP loan for the following expenses:

• Payroll: $3,010,036
• Utilities: $430,920
• Rent: $3,455,132
• Health Care: $108,396

Business Information - DW Restaurant Holder, LLC in Atlanta, GA

Similar Companies near Atlanta

In the Atlanta area, 148 businesses in the "Full-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 52 employees (compared to this company's 321) and received an average PPP loan of $448,365 (compared to this company's $7M).

Industry PPP Comparison Statistics

Nationwide, 326,413 businesses in the "Full-Service Restaurants" industry received a total of $42.5B 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, 93% lower than DW Restaurant Holder, LLC's reported 321 employees, and received an average PPP loan of $130,196, 98% lower than this company's loan of $7M.