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PPP Loan Data — Frisch's Restaurants, Inc.,
Cincinnati, OH
Frisch's Restaurants, Inc.
Entity: Corporation
Industry: Full-Service Restaurants
Location: Cincinnati, OH
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Frisch's Restaurants, Inc. is a corporation located at 2800 Gilbert Ave. in Cincinnati, Ohio that received a Coronavirus-related PPP loan from the SBA of $10,000,000.00 in May, 2020.
The company has reported itself as a male owned business, and employed at least 500 people during the applicable loan loan period.
$ PPP Loan Information
Loan Size:
Jobs Retained:
500Loan Approved:
2020-05-11Lender:
HARVEST SMALL BUSINESS FINANCE, LLCFrisch's Restaurants, Inc. in Cincinnati, OH received a Paycheck Protection Loan of $10M through HARVEST SMALL BUSINESS FINANCE, LLC, which was approved in May, 2020.
Based on standard PPP eligibility rules, Frisch's Restaurants, Inc.'s total 2019 payroll expenses were approximately $48M 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 $96,000 per employee1.
Business Information - Frisch's Restaurants, Inc. in Cincinnati, OH
2800 Gilbert Ave.
Cincinnati, OH 45206
Business Industry
Full-Service Restaurants (NAICS code 722511)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: Unreported
Congressional District: OH-01Similar Companies near Cincinnati
In the Cincinnati area, 10 businesses in the "Full-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 70 employees (compared to this company's 500) and received an average PPP loan of $1,112,214 (compared to this company's $10M).
Similar Nearby Businesses Who Received PPP Funding:
Corporation Alley LLC
Walnut Hills, OH
Riverfront Restaurants, Inc.
Cincinnati, OH
Suzie Wong's On Madison, Inc.
Cincinnati, OH
Taste Of Belgium Worldwide Headquarters, LLC
Cincinnati, OH
Cincinnati Food Distribution, LLC
Cincinnati, OH
Revival Foods, LLC
Cincinnati, OH
Fare U LLC
Cincinnati, OH
Exceptional Dining By De Cavel, LLC
Cincinnati, OH
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 Frisch's Restaurants, Inc.'s reported 500 employees, and received an average PPP loan of $116,685, 99% lower than this company's loan of $10M.
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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