FederalPay.org
PPP Loan Data — Flanigan's Enterprises Inc,
Fort Lauderdale, FL
Flanigan's Enterprises Inc
Entity: Corporation
Industry: Full-Service Restaurants
Location: Fort Lauderdale, FL
Tweet This
•
Search All PPP Data
Flanigan's Enterprises Inc is a corporation located at 5059 Ne 18th Avenue in Fort Lauderdale, Florida that received a Coronavirus-related PPP loan from the SBA of $5,929,508.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least 500 people during the applicable loan loan period.
$ PPP Loan Information
Loan Size:
Jobs Retained:
500Loan Approved:
2020-04-28Lender:
BANK OF AMERICA, NATIONAL ASSOCIATIONFlanigan's Enterprises Inc in Fort Lauderdale, FL received a Paycheck Protection Loan of $5.93M through BANK OF AMERICA, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Flanigan's Enterprises Inc's total 2019 payroll expenses were approximately $28.46M in order to qualify for the PPP loan amount received.
Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $56,923 per employee1.
Business Information - Flanigan's Enterprises Inc in Fort Lauderdale, FL
5059 Ne 18th Avenue
Fort Lauderdale, FL 33334
Business Industry
Full-Service Restaurants (NAICS code 722511)
Business Owner Demographics
Race / Ethnicity: WHITE
Gender: MALE OWNED
Veteran Status: NON-VETERAN
Congressional District: FL-22Similar Companies near Fort Lauderdale
In the Fort Lauderdale area, 33 businesses in the "Full-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 50 employees (compared to this company's 500) and received an average PPP loan of $371,483 (compared to this company's $5.93M).
Similar Nearby Businesses Who Received PPP Funding:
CIC Investors #55, LTD
Fort Lauderdale, FL
Downtown Grill & Pizza Kitchen LLC
Fort Lauderdale, FL
Schill And Kim Corporation
Oakland Park, FL
Momchef, Inc.
Oakland Park, FL
Dansaav Restaurant Inc
Fort Lauderdale, FL
J & M Restaurant Inc
Oakland Park, FL
East Commercial Food, Inc.
Fort Lauderdale, FL
Panagiotis Pan Food & Beverage Corp
Fort Lauderdale, FL
WA Equity Holdings
Oakland Park, FL
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, 96% lower than Flanigan's Enterprises Inc's reported 500 employees, and received an average PPP loan of $116,685, 98% lower than this company's loan of $5.93M.
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, 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.
Have FederalPay.org's open data tools been valuable? Consider donating!