PPP Loan Data — Fearless, Inc., Paia, HI
Fearless, Inc. is a corporation located at 799 Poho Pl in Paia, Hawaii that received a Coronavirus-related PPP loan from the SBA of $4,248,400.00 in April, 2020.
$ PPP Loan Information
Lender:FIRST HAWAIIAN BANK
Fearless, Inc. received a Paycheck Protection Loan of $4.25M through FIRST HAWAIIAN BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Fearless, Inc.'s total 2019 payroll expenses were approximately $20.39M in order to qualify for the PPP loan amount received.
Based on their reported 373 jobs retained, this equals an estimated average yearly compensation of $54,671 per employee1.
Business Information - Fearless, Inc. in Paia, HI
799 Poho Pl
Paia, HI 96779
Full-Service Restaurants (NAICS code 722511)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: HI-02
Similar Companies near Paia
In the Paia area, 11 businesses in the "Full-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 51 employees (compared to this company's 373) and received an average PPP loan of $553,634 (compared to this company's $4.25M).
Similar Nearby Businesses Who Received PPP Funding:
Paia Inn Cafe, LLC
Charley's Restaurant & Saloon LLC
Cafe Des Amis LLC
Pele's Kitchen , LLC
Luquin's Mexican Restaurant, Inc.
Rock & Brews Paia, LLC
Flatbread Paia LLC
Surf Club, Inc.
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, 95% lower than Fearless, Inc.'s reported 373 employees, and received an average PPP loan of $116,685, 97% lower than this company's loan of $4.25M.
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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