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PPP Loan Data — Feast Restaurants LLC,
Murrieta, CA
FRANCHISE
CAFeast Restaurants LLC
Entity: Limited Liability Company (LLC)
Industry: Full-Service Restaurants
Franchise: Denny's
Location: Murrieta, CA
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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.
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PPP Loan Information
Loan #2778698401
Loan Size:
Jobs Retained:
86Loan Approved:
2021-02-04Loan Status:
Paid in Full or ForgivenLender:
Endeavor BankFeast 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 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, 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
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
Businesses Using Same Address:
There are 3 other businesses that received a PPP loan registered to the same address as Feast Restaurants LLC.
MSW Consultants Inc
Office Administrative Services
Feast California Cafe LLC
Full-Service Restaurants
Restaurant Leadership Group, LLC
Limited-Service Restaurants
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).
Similar Nearby Businesses Who Received PPP Funding:
Kessler And Word Company, Inc
Murrieta, CA
Guadalajara Grill Restaurant Inc
Murrieta, CA
CH Square Inc
Murrieta, CA
Feast Texas LLC
Murrieta, CA
DT Public House Inc
Murrieta, CA
Zhong Ye Group Inc
Murrieta, CA
Palms Chinses Cuisine
Murrieta, CA
Seven Seventy Nine Company Inc
Murrieta, CA
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.
FRANCHISE
CAFeast Restaurants, LLC
Entity: Limited Liability Company (LLC)
Industry: All Other Business Support Services
Franchise: Denny's
Location: Murrieta, CA
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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:
Jobs Retained:
289Loan Approved:
2020-04-11Loan Status:
Paid in Full or ForgivenLender:
Pacific Western BankFeast 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 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, 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
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
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
Feast Foods LLC
Limited-Service Restaurants
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).
Similar Nearby Businesses Who Received PPP Funding:
Documents Done Right Inc
Murrieta, CA
DL Storm Enterprises, Inc
Murrieta, CA
Basso Enterprises LLC
Murrieta, CA
Lillie Richardson
Murrieta, CA
At Home Service Solutions Inc
Murrieta, CA
Joshua Williams
Murrieta, CA
DS Beauty Systems, Inc
Murrieta, CA
Formation Technology LLC
Murrieta, CA
Crystal Clear Design Solutions Inc
Murrieta, CA
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.
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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