PPP Loan Data — Fred Cotten Jr's Bar-B-Que Inc, Jacksonville, FL
Fred Cotten Jr's Bar-B-Que Inc is a limited liability partnership located at 2048 Rogero Rd in Jacksonville, Florida that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Fred Cotten Jr's Bar-B-Que Inc in Jacksonville, FL received a Paycheck Protection Loan of $25,000 through BBVA USA, which was approved in April, 2020.
This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
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, Fred Cotten Jr's Bar-B-Que Inc's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 11 jobs retained, this equals an estimated average yearly compensation of $10,909 per employee1
Reported PPP Proceed Usage:
On the PPP application, Fred Cotten Jr's Bar-B-Que Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - Fred Cotten Jr's Bar-B-Que Inc in Jacksonville, FL
2048 Rogero Rd
Jacksonville, FL 32211
NAICS code 722513
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Jacksonville
In the Jacksonville area, 22 businesses in the "Limited-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 12 employees (compared to this company's 11) and received an average PPP loan of $44,894 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
Subway Management Group Of Jacksonville Inc
Blanding Pizza LLC
Ming Guang Lin
Sushi Yee LLC
Uncle Gene's Soul And Seafood Cafe LLC
New Life Kitchens Inc
Filam One Inc
Industry PPP Comparison Statistics
Nationwide, 137,629 businesses in the "Limited-Service Restaurants" industry received a total of $13.9B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 2% of the total PPP funding allocated.
PPP recipients in this industry report an average of 21 employees, 91% higher than Fred Cotten Jr's Bar-B-Que Inc's reported 11 employees, and received an average PPP loan of $100,980, 304% higher than this company's loan of $25,000.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!