PPP Loan Data — E&A Restaurant Holdings LLC, Southlake, TX
E&A Restaurant Holdings LLC is a limited liability company (LLC) located at 500 E State Highway 114 in Southlake, Texas that received a Coronavirus-related PPP loan from the SBA of $46,600.00 in April, 2020. This business is a Church's Chicken franchise.
The company has reported itself as a male owned business, and employed at least twenty people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
E&A Restaurant Holdings LLC in Southlake, TX received a Paycheck Protection Loan of $46,600 through Origin Bank, 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
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, E&A Restaurant Holdings LLC's 2019 payroll expenses are estimated to be at least $223,680.
Based on their reported 20 jobs retained, this equals an estimated average yearly compensation of $11,184 per employee1
Reported PPP Proceed Usage:
On the PPP application, E&A Restaurant Holdings LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $34,950
- Utilities: $4,660
- Mortgage Interest: $6,990
Business Information - E&A Restaurant Holdings LLC in Southlake, TX
500 E State Highway 114
Southlake, TX 76092
NAICS code 722513
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Southlake
In the Southlake area, 38 businesses in the "Limited-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 108 employees (compared to this company's 20) and received an average PPP loan of $563,539 (compared to this company's $46,600).
Similar Nearby Businesses Who Received PPP Funding:
Tall Timbers Pizza Hut Inc
Trufire Southlake, LLC
Rhms Foods, LLC
HNN Enterprise, Inc
N&A Restaurant Holdings Group, LLC
Bonham Foods LLC
Shafak Group Inc
Austerlitz Franchise, LLC
Industry PPP Comparison Statistics
Nationwide, 137,629 businesses in the "Limited-Service Restaurants" industry received a total of $13.9B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 2% of the total PPP funding allocated.
PPP recipients in this industry report an average of 21 employees, 5% higher than E&A Restaurant Holdings LLC's reported 20 employees, and received an average PPP loan of $100,980, 117% higher than this company's loan of $46,600.
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