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PPP Loan Data — ES Restaurant Group Inc,
Seattle, WA
ES Restaurant Group Inc
Entity: Corporation
Industry: Full-Service Restaurants
Location: Seattle, WA
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ES Restaurant Group Inc is a corporation located at 2622 Nw Market St #a in Seattle, Washington that received a Coronavirus-related PPP loan from the SBA of $2,996,600.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least 250 people during the applicable loan loan period.
$ PPP Loan Information
Loan Size:
Jobs Retained:
250Loan Approved:
2020-04-04Lender:
1ST SECURITY BANK OF WASHINGTONES Restaurant Group Inc received a Paycheck Protection Loan of $3M through 1ST SECURITY BANK OF WASHINGTON, which was approved in April, 2020.
Based on standard PPP eligibility rules, ES Restaurant Group Inc's total 2019 payroll expenses were approximately $14.38M in order to qualify for the PPP loan amount received.
Based on their reported 250 jobs retained, this equals an estimated average yearly compensation of $57,535 per employee1.
Business Information - ES Restaurant Group Inc in Seattle, WA
2622 Nw Market St #a
Seattle, WA 98107
Business Industry
Full-Service Restaurants (NAICS code 722511)
Business Owner Demographics
Race / Ethnicity: WHITE
Gender: MALE OWNED
Veteran Status: NON-VETERAN
Congressional District: WA-07Similar Companies near Seattle
In the Seattle area, 92 businesses in the "Full-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 15 employees (compared to this company's 250) and received an average PPP loan of $173,870 (compared to this company's $3M).
Similar Nearby Businesses Who Received PPP Funding:
Perfecte And Alia, Inc
Seattle, WA
ZDH, LLC
Seattle, WA
Young's Restaurant Inc
Seattle, WA
Tasty Restaurant LLC
Seattle, WA
First We Eat, Inc.
Seattle, WA
Jimeni Inc DBA Otter Bar And Burger
Seattle, WA
Dawg Haus LLC
Seattle, WA
JWD4 Design LLC
Seattle, WA
Gather Kitchen And Bar LLC
Seattle, WA
Industry PPP Comparison Statistics
Nationwide, 175,054 businesses in the "Full-Service Restaurants" industry received a total of $20,426,260,320.00 in PPP loans. These businesses account for 3% of total PPP applications submitted, and received 4% of the total PPP funding allocated.
PPP recipients in this industry report an average of 20 employees, 92% lower than ES Restaurant Group Inc's reported 250 employees, and received an average PPP loan of $116,685, 96% lower than this company's loan of $3M.
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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