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PPP Loan Data — Epicurean Group,
Los Altos, CA
Epicurean Group
Entity: Corporation
Industry: Food Service Contractors
Location: Los Altos, CA
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Epicurean Group is a corporation located at 111 Main St Ste 3 in Los Altos, California that received a Coronavirus-related PPP loan from the SBA of $1,999,900.00 in February, 2021.
The company has reported itself as a White female owned business, and employed at least 161 people during the applicable loan loan period.
$
PPP Loan Information
Loan #2856368403
Loan Size:
Jobs Retained:
161Loan Approved:
2021-02-04Loan Status:
Ongoing LoanLender:
Harvest Small Business Finance, LLCEpicurean Group in Los Altos, CA received a Paycheck Protection Loan of $2M through Harvest Small Business Finance, LLC, which was approved in February, 2021.
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
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased 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, Epicurean Group's 2019 payroll expenses are estimated to be at least $9.6M.
Based on their reported 161 jobs retained, this equals an estimated average yearly compensation of $59,624 per employee1
Reported PPP Proceed Usage:
On the PPP application, Epicurean Group reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,999,894
- Utilities: $1
Business Information - Epicurean Group in Los Altos, CA
111 Main St Ste 3
Los Altos, CA 94022
Business Industry:
Food Service Contractors
NAICS code 722310
Business Owner Demographics
Race: White
Ethnicity: Hispanic or Latino
Gender: Female Owned
Veteran Status: Non-Veteran
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Businesses Using Same Address:
There is one other business that received a PPP loan registered to the same address as Epicurean Group.
Epicurean Federal Inc
Caterers
Similar Companies near Los Altos
In the Los Altos area, 3 businesses in the "Food Service Contractors" industry received a PPP loan. These local businesses reported an average of 215 employees (compared to this company's 161) and received an average PPP loan of $1,992,471 (compared to this company's $2M).
Similar Nearby Businesses Who Received PPP Funding:
Rick&Monica Inc
Los Altos, CA
Industry PPP Comparison Statistics
Nationwide, 35,883 businesses in the "Food Service Contractors" industry received a total of $1.95B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 7 employees, 96% lower than Epicurean Group's reported 161 employees, and received an average PPP loan of $54,432, 97% lower than this company's loan of $2M.
Epicurean Group
Entity: Corporation
Industry: Food Service Contractors
Location: Los Altos, CA
Tweet This
•
Search All PPP Data
Epicurean Group is a corporation located at 111 Main Street, Suite 3 in Los Altos, California that received a Coronavirus-related PPP loan from the SBA of $3,891,032.00 in April, 2020.
The company has reported itself as a female owned business, and employed at least 464 people during the applicable loan loan period.
$
PPP Loan Information
Loan #3849917206
Loan Size:
Jobs Retained:
464Loan Approved:
2020-04-27Loan Status:
Paid in Full or ForgivenLender:
Harvest Small Business Finance, LLCEpicurean Group in Los Altos, CA received a Paycheck Protection Loan of $3.89M through Harvest Small Business Finance, LLC, 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 November, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased 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, Epicurean Group's 2019 payroll expenses are estimated to be at least $18.68M.
Based on their reported 464 jobs retained, this equals an estimated average yearly compensation of $40,252 per employee1
Reported PPP Proceed Usage:
On the PPP application, Epicurean Group reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $3,891,032
Business Information - Epicurean Group in Los Altos, CA
111 Main Street, Suite 3
Los Altos, CA 94022
Business Industry:
Food Service Contractors
NAICS code 722310
Business Owner Demographics
Race: Unreported
Ethnicity: Hispanic or Latino
Gender: Female Owned
Veteran Status: Non-Veteran
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Similar Companies near Los Altos
In the Los Altos area, 3 businesses in the "Food Service Contractors" industry received a PPP loan. These local businesses reported an average of 215 employees (compared to this company's 464) and received an average PPP loan of $1,992,471 (compared to this company's $3.89M).
Similar Nearby Businesses Who Received PPP Funding:
Rick&Monica Inc
Los Altos, CA
Industry PPP Comparison Statistics
Nationwide, 35,883 businesses in the "Food Service Contractors" industry received a total of $1.95B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 7 employees, 98% lower than Epicurean Group's reported 464 employees, and received an average PPP loan of $54,432, 99% lower than this company's loan of $3.89M.
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. FederalPay does not modify the data and makes no claims regarding its accuracy.
Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.
Footnotes & Information
1. Estimations for informational purposes only. 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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