PPP Loan Data — Freddy's Frozen Custard, LLC, Wichita, KS
Freddy's Frozen Custard, LLC is a limited liability company (LLC) located at 260 N Rock Rd in Wichita, Kansas that received a Coronavirus-related PPP loan from the SBA of $4,500,000.00 in April, 2020.
$ PPP Loan Information
Lender:INTRUST BANK, NATIONAL ASSOCIATION
Freddy's Frozen Custard, LLC in Wichita, KS received a Paycheck Protection Loan of $4.5M through INTRUST BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Freddy's Frozen Custard, LLC's total 2019 payroll expenses were approximately $21.6M 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 $86,400 per employee1.
Business Information - Freddy's Frozen Custard, LLC in Wichita, KS
260 N Rock Rd
Wichita, KS 67206
Limited-Service Restaurants (NAICS code 722513)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: KS-04
Similar Companies near Wichita
In the Wichita area, 34 businesses in the "Limited-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 69 employees (compared to this company's 250) and received an average PPP loan of $714,443 (compared to this company's $4.5M).
Similar Nearby Businesses Who Received PPP Funding:
El Gordo Mexican Food
Bushwood Investments, LLC
Atlantic Development Corporation Of Pennsylvania
Saul Good Five, LLC
La Raza Pizza Inc
Wichita Ice Cream LLC
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 Freddy's Frozen Custard, LLC's reported 250 employees, and received an average PPP loan of $120,904, 97% lower than this company's loan of $4.5M.
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.
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