PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Feast Restaurants LLC, Murrieta, CA

ALERT: There are 2 PPP loans for a total of $1.73M in our database for businesses with the name "Feast Restaurants LLC" in Murrieta, CA. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for Feast Restaurants LLC

FRANCHISE

CA

Feast Restaurants LLC

Entity: Limited Liability Company (LLC)

Industry: Full-Service Restaurants

Franchise: Denny's

Location: Murrieta, CA

Search All PPP Data

Feast Restaurants LLC is a limited liability company (LLC) located at 41760 Ivy St in Murrieta, California that received a Coronavirus-related PPP loan from the SBA of $1,005,746.00 in February, 2021. This business is a Denny's franchise.

The company has reported itself as an Asian male owned business, and employed at least 86 people during the applicable loan loan period.

$ PPP Loan Information
Loan #2778698401

Loan Size:

$1.01M

Jobs Retained:

86

Loan Approved:

2021-02-04

Loan Status:

Paid in Full or Forgiven

Lender:

Endeavor Bank

Feast Restaurants LLC in Murrieta, CA received a Paycheck Protection Loan of $1.01M through Endeavor 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 October, 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 More
Understanding 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 More

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, Feast Restaurants LLC's 2019 payroll expenses are estimated to be at least $4.83M.

Based on their reported 86 jobs retained, this equals an estimated average yearly compensation of $56,135 per employee1

Reported PPP Proceed Usage:

On the PPP application, Feast Restaurants LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $1,005,745

Business Information - Feast Restaurants LLC in Murrieta, CA

Feast Restaurants LLC
41760 Ivy St
Murrieta, CA 92562

Business Industry:
Full-Service Restaurants
NAICS code 722511

Business Owner Demographics

Race: Asian

Ethnicity: Not Hispanic or Latino

Gender: Male Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Riverside County, CA — SBA Office 0920 — Congressional District: CA-42

Similar Companies near Murrieta

In the Murrieta area, 98 businesses in the "Full-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 39 employees (compared to this company's 86) and received an average PPP loan of $245,174 (compared to this company's $1.01M).

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, 74% lower than Feast Restaurants LLC's reported 86 employees, and received an average PPP loan of $130,221, 87% lower than this company's loan of $1.01M.

SBA PPP loan data, payroll data, and salaries for Feast Restaurants, LLC

FRANCHISE

CA

Feast Restaurants, LLC

Entity: Limited Liability Company (LLC)

Industry: All Other Business Support Services

Franchise: Denny's

Location: Murrieta, CA

Search All PPP Data

Feast Restaurants, LLC is a limited liability company (LLC) located at 41760 Ivy Street, Suite 201 in Murrieta, California that received a Coronavirus-related PPP loan from the SBA of $727,000.00 in April, 2020. This business is a Denny's franchise.

The company has reported itself as an Asian male owned business, and employed at least 289 people during the applicable loan loan period.

$ PPP Loan Information
Loan #3652847107

Loan Size:

$727,000

Jobs Retained:

289

Loan Approved:

2020-04-11

Loan Status:

Paid in Full or Forgiven

Lender:

Pacific Western Bank

Feast Restaurants, LLC in Murrieta, CA received a Paycheck Protection Loan of $727,000 through Pacific Western 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 July, 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 More
Understanding 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 More

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, Feast Restaurants, LLC's 2019 payroll expenses are estimated to be at least $3.49M.

Based on their reported 289 jobs retained, this equals an estimated average yearly compensation of $12,075 per employee1

Reported PPP Proceed Usage:

On the PPP application, Feast Restaurants, LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $727,000

Business Information - Feast Restaurants, LLC in Murrieta, CA

Feast Restaurants, LLC
41760 Ivy Street, Suite 201
Murrieta, CA 92562

Business Industry:
All Other Business Support Services
NAICS code 561499

Business Owner Demographics

Race: Asian

Ethnicity: Not Hispanic or Latino

Gender: Male Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: Y

HUBZone: N

Rural / Urban: Urban

Riverside County, CA — SBA Office 0920 — Congressional District: CA-42

Businesses Using Same Address:

There are 2 other businesses that received a PPP loan registered to the same address as Feast Restaurants, LLC.

Dmsd Cajun Eats, LLC
Limited-Service Restaurants

$213,000 PPP Loan

Feast Foods LLC
Limited-Service Restaurants

$6.21M PPP Loan

Similar Companies near Murrieta

In the Murrieta area, 28 businesses in the "All Other Business Support Services" industry received a PPP loan. These local businesses reported an average of 31 employees (compared to this company's 289) and received an average PPP loan of $55,282 (compared to this company's $727,000).

Industry PPP Comparison Statistics

Nationwide, 51,619 businesses in the "All Other Business Support Services" industry received a total of $2.6B 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, 98% lower than Feast Restaurants, LLC's reported 289 employees, and received an average PPP loan of $50,342, 93% lower than this company's loan of $727,000.

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.

Search FederalPay's Full PPP Loan Database

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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/feast-restaurants-llc-murrieta-ca