PPP Loan Data — Golden Corral Corporation, Raleigh, NC
Golden Corral Corporation is a subchapter s corporation located at 5151 Glenwood Avenue in Raleigh, North Carolina that received a Coronavirus-related PPP loan from the SBA of $3,750,000.00 in August, 2020.
$ PPP Loan Information
Lender:FIRST-CITIZENS BANK & TRUST COMPANY
Golden Corral Corporation in Raleigh, NC received a Paycheck Protection Loan of $3.75M through FIRST-CITIZENS BANK & TRUST COMPANY, which was approved in August, 2020.
Based on standard PPP eligibility rules, Golden Corral Corporation's total 2019 payroll expenses were approximately $18M 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 $36,000 per employee1.
Business Information - Golden Corral Corporation in Raleigh, NC
5151 Glenwood Avenue
Raleigh, NC 27612
Cafeterias, Grill Buffets, and Buffets (NAICS code 722514)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: NC-04
Industry PPP Comparison Statistics
Nationwide, 2,424 businesses in the "Cafeterias, Grill Buffets, and Buffets" industry received a total of $166,071,594.00 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 14 employees, 97% lower than Golden Corral Corporation's reported 500 employees, and received an average PPP loan of $68,511, 98% lower than this company's loan of $3.75M.
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Footnotes & Information
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