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PPP Loan Data — FF&G Lc, Saint Louis, MO

SBA PPP loan data, payroll data, and salaries for FF&G Lc
MO

FF&G Lc

Entity: Subchapter S Corporation

Industry: Limited-Service Restaurants

Location: Saint Louis, MO

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FF&G Lc is a subchapter s corporation located at 11422 Gravois Rd in Saint Louis, Missouri that received a Coronavirus-related PPP loan from the SBA of $2,798,700.00 in April, 2020.

The company has reported itself as a Hispanic male owned business, and employed at least 250 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$2.8M

Jobs Retained:

250

Loan Approved:

2020-04-03

Lender:

CASS COMMERCIAL BANK

FF&G Lc received a Paycheck Protection Loan of $2.8M through CASS COMMERCIAL BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, FF&G Lc's total 2019 payroll expenses were approximately $13.43M in order to qualify for the PPP loan amount received.

Based on their reported 250 jobs retained, this equals an estimated average yearly compensation of $53,735 per employee1.

Because the loan received by FF&G Lc is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - FF&G Lc in Saint Louis, MO

FF&G Lc
11422 Gravois Rd
Saint Louis, MO 63126

Business Industry

Limited-Service Restaurants (NAICS code 722513)

Business Owner Demographics

Race / Ethnicity: HISPANIC

Gender: MALE OWNED

Veteran Status: Unreported

Congressional District: MO-02

Similar Companies near Saint Louis

In the Saint Louis area, 10 businesses in the "Limited-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 40 employees (compared to this company's 250) and received an average PPP loan of $347,462 (compared to this company's $2.8M).

Industry PPP Comparison Statistics

Nationwide, 79,996 businesses in the "Limited-Service Restaurants" industry received a total of $9,671,819,152.00 in PPP loans. These businesses account for 2% of total PPP applications submitted, and received 2% of the total PPP funding allocated.

PPP recipients in this industry report an average of 23 employees, 91% lower than FF&G Lc's reported 250 employees, and received an average PPP loan of $120,904, 96% lower than this company's loan of $2.8M.

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.

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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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/ff-and-g-lc-saint-louis-mo