PPP Loan Data — EBS Foods LLC, Encino, CA
EBS Foods LLC is a limited liability company (LLC) located at 4917 Genesta Ave in Encino, California that received a Coronavirus-related PPP loan from the SBA of $1,837,653.00 in April, 2020. This business is a Jack in the Box franchise.
The company has reported itself as a female owned business, and employed at least 421 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:City National Bank of Florida
EBS Foods LLC in Encino, CA received a Paycheck Protection Loan of $1.84M through City National Bank of Florida, 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 June, 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, EBS Foods LLC's 2019 payroll expenses are estimated to be at least $8.82M.
Based on their reported 421 jobs retained, this equals an estimated average yearly compensation of $20,952 per employee1
Reported PPP Proceed Usage:
On the PPP application, EBS Foods LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,378,240
- Utilities: $459,413
Business Information - EBS Foods LLC in Encino, CA
4917 Genesta Ave
Encino, CA 91316
NAICS code 722513
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Female Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Encino
In the Encino area, 27 businesses in the "Limited-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 152 employees (compared to this company's 421) and received an average PPP loan of $755,812 (compared to this company's $1.84M).
Similar Nearby Businesses Who Received PPP Funding:
Chico Foods LLC
M & Vh Inc
Yamato Encino Corporation
SBF Foods LLC
DD Balboa 353754 Inc
PBS Foods LLC
The Stand, LLC
Encino Pizza Cookery Inc
CTC Cafe Encino, 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, 95% lower than EBS Foods LLC's reported 421 employees, and received an average PPP loan of $100,980, 95% lower than this company's loan of $1.84M.
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Footnotes & Information
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