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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 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 Hispanic female owned business, and employed at least 451 people during the applicable loan loan period.
$ PPP Loan Information
Loan Size:
Jobs Retained:
451Loan Approved:
2020-04-27Lender:
HARVEST SMALL BUSINESS FINANCE, LLCEpicurean Group received a Paycheck Protection Loan of $3.89M through HARVEST SMALL BUSINESS FINANCE, LLC, which was approved in April, 2020.
Based on standard PPP eligibility rules, Epicurean Group's total 2019 payroll expenses were approximately $18.68M in order to qualify for the PPP loan amount received.
Based on their reported 451 jobs retained, this equals an estimated average yearly compensation of $41,412 per employee1.
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 / Ethnicity: HISPANIC
Gender: FEMALE OWNED
Veteran Status: NON-VETERAN
Congressional District: CA-18Similar Companies near Los Altos
In the Los Altos area, 2 businesses in the "Food Service Contractors" industry received a PPP loan. These local businesses reported an average of 236 employees (compared to this company's 451) and received an average PPP loan of $1,988,757 (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, 8,947 businesses in the "Food Service Contractors" industry received a total of $969,115,041.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 15 employees, 97% lower than Epicurean Group's reported 451 employees, and received an average PPP loan of $108,317, 97% 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.
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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