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PPP Loan Data — FCH Enterprises Inc,
Honolulu, HI
FCH Enterprises Inc
Entity: Corporation
Industry: Full-Service Restaurants
Location: Honolulu, HI
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FCH Enterprises Inc is a corporation located at 1765 S King St in Honolulu, Hawaii that received a Coronavirus-related PPP loan from the SBA of $2,000,000.00 in February, 2021.
$
PPP Loan Information
Loan #2625398502
Loan Size:
Jobs Retained:
500Loan Approved:
2021-02-20Loan Status:
Paid in Full or ForgivenLender:
First Hawaiian BankFCH Enterprises Inc in Honolulu, HI received a Paycheck Protection Loan of $2M through First Hawaiian Bank, which was approved in February, 2021.
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, FCH Enterprises Inc's 2019 payroll expenses are estimated to be at least $9.6M.
Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $19,200 per employee1
Reported PPP Proceed Usage:
On the PPP application, FCH Enterprises Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,999,995
- Utilities: $1
Business Information - FCH Enterprises Inc in Honolulu, HI
1765 S King St
Honolulu, HI 96826
Business Industry:
Full-Service Restaurants
NAICS code 722511
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: Y
HUBZone: Y
Rural / Urban: Urban
Similar Companies near Honolulu
In the Honolulu area, 127 businesses in the "Full-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 24 employees (compared to this company's 500) and received an average PPP loan of $166,804 (compared to this company's $2M).
Similar Nearby Businesses Who Received PPP Funding:
Take-N-Bake Hawaii LLC
Honolulu, HI
AKM Star Inc
Honolulu, HI
Shizen808 Corp
Honolulu, HI
Yakyudori USA Inc
Honolulu, HI
Greek Marina Inc
Honolulu, HI
Tpah Inc
Honolulu, HI
Hidemitsu Tamayose
Honolulu, HI
Next Wave Hospitality LLC
Honolulu, HI
Pho Tri 2 Corp
Honolulu, HI
Industry PPP Comparison Statistics
Nationwide, 326,447 businesses in the "Full-Service Restaurants" industry received a total of $42.51B in PPP loans. These businesses account for 3% of total PPP applications submitted, and received 5% of the total PPP funding allocated.
PPP recipients in this industry report an average of 22 employees, 96% lower than FCH Enterprises Inc's reported 500 employees, and received an average PPP loan of $130,223, 93% lower than this company's loan of $2M.
FCH Enterprises Inc
Entity: Corporation
Industry: Food Service Contractors
Location: Honolulu, HI
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FCH Enterprises Inc is a corporation located at 1765 South King St in Honolulu, Hawaii that received a Coronavirus-related PPP loan from the SBA of $10,000,000.00 in April, 2020.
$
PPP Loan Information
Loan #4424627005
Loan Size:
Jobs Retained:
500Loan Approved:
2020-04-03Loan Status:
Paid in Full or ForgivenLender:
First Hawaiian BankFCH Enterprises Inc in Honolulu, HI received a Paycheck Protection Loan of $10M through First Hawaiian Bank, 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 September, 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, FCH Enterprises Inc's 2019 payroll expenses are estimated to be at least $48M.
Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $96,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, FCH Enterprises Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $10,000,000
Business Information - FCH Enterprises Inc in Honolulu, HI
1765 South King St
Honolulu, HI 96826
Business Industry:
Food Service Contractors
NAICS code 722310
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: Y
HUBZone: Y
Rural / Urban: Urban
Similar Companies near Honolulu
In the Honolulu area, 4 businesses in the "Food Service Contractors" industry received a PPP loan. These local businesses reported an average of 136 employees (compared to this company's 500) and received an average PPP loan of $2,581,438 (compared to this company's $10M).
Similar Nearby Businesses Who Received PPP Funding:
Reliant Trucking Incorporated
Honolulu, HI
Okamura Holdings, LLC
Honolulu, HI
ALA Hawaii Inc
Honolululu, HI
Industry PPP Comparison Statistics
Nationwide, 35,803 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, 99% lower than FCH Enterprises Inc's reported 500 employees, and received an average PPP loan of $54,509, 99% lower than this company's loan of $10M.
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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