PPP Loan Data — Falcons Burger LLC, Atlanta, GA
Falcons Burger LLC is a limited liability company (LLC) located at 1995 N Park Place Se Ste 430 in Atlanta, Georgia that received a Coronavirus-related PPP loan from the SBA of $1,557,002.00 in June, 2020. This business is a Checkers franchise.
The company has reported itself as a male owned business, and employed at least 314 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Harvest Small Business Finance, LLC
Falcons Burger LLC in Atlanta, GA received a Paycheck Protection Loan of $1.56M through Harvest Small Business Finance, LLC, which was approved in June, 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, Falcons Burger LLC's 2019 payroll expenses are estimated to be at least $7.47M.
Based on their reported 314 jobs retained, this equals an estimated average yearly compensation of $23,801 per employee1
Reported PPP Proceed Usage:
On the PPP application, Falcons Burger LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,557,002
Business Information - Falcons Burger LLC in Atlanta, GA
1995 N Park Place Se Ste 430
Atlanta, GA 30339
NAICS code 722513
Business Owner Demographics
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: New Business or 2 years or less
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Atlanta
In the Atlanta area, 82 businesses in the "Limited-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 31 employees (compared to this company's 314) and received an average PPP loan of $170,645 (compared to this company's $1.56M).
Similar Nearby Businesses Who Received PPP Funding:
Alpine Ventures, LLC
Atlanta Life Restaurant Group LLC
Tropical Smoothie Cafe, LLC
M&N Scott Enterprises Inc
Pope & Land Enterprises, Inc
Phelps Chancellor Enterprises, Inc
Galleria 200 Inc
SK & M Enterprises Inc
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, 93% lower than Falcons Burger LLC's reported 314 employees, and received an average PPP loan of $100,980, 94% lower than this company's loan of $1.56M.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!