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PPP Loan Data — Global Restaurant Hospitality Group LLC, Long Beach, CA

SBA PPP loan data, payroll data, and salaries for Global Restaurant Hospitality Group LLC
CA

Global Restaurant Hospitality Group LLC

Entity: Limited Liability Company (LLC)

Industry: Office Administrative Services

Location: Long Beach, CA

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Global Restaurant Hospitality Group LLC is a limited liability company (LLC) located at 111 W Ocean Blvd in Long Beach, California that received a Coronavirus-related PPP loan from the SBA of $2,994,894.00 in April, 2020.

The company has reported itself as a White owned business, and employed at least 485 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$2.99M

Jobs Retained:

485

Loan Approved:

2020-04-08

Lender:

PACIFIC PREMIER BANK

Global Restaurant Hospitality Group LLC received a Paycheck Protection Loan of $2.99M through PACIFIC PREMIER BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Global Restaurant Hospitality Group LLC's total 2019 payroll expenses were approximately $14.38M in order to qualify for the PPP loan amount received.

Based on their reported 485 jobs retained, this equals an estimated average yearly compensation of $29,640 per employee1.

Because the loan received by Global Restaurant Hospitality Group LLC 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 - Global Restaurant Hospitality Group LLC in Long Beach, CA

Global Restaurant Hospitality Group LLC
111 W Ocean Blvd
Long Beach, CA 90802

Business Industry

Office Administrative Services (NAICS code 561110)

Business Owner Demographics

Race / Ethnicity: WHITE

Gender: Unreported

Veteran Status: Unreported

Congressional District: CA-47

Similar Companies near Long Beach

In the Long Beach area, 14 businesses in the "Office Administrative Services" industry received a PPP loan. These local businesses reported an average of 38 employees (compared to this company's 485) and received an average PPP loan of $249,859 (compared to this company's $2.99M).

Industry PPP Comparison Statistics

Nationwide, 18,417 businesses in the "Office Administrative Services" industry received a total of $1,762,719,177.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.

PPP recipients in this industry report an average of 9 employees, 98% lower than Global Restaurant Hospitality Group LLC's reported 485 employees, and received an average PPP loan of $95,712, 97% lower than this company's loan of $2.99M.

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.

Search FederalPay's Full PPP Loan Database

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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Source: www.federalpay.org/paycheck-protection-program/global-restaurant-hospitality-group-llc-long-beach-ca