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PPP Loan Data — Golden Corral Corporation, Raleigh, NC

SBA PPP loan data, payroll data, and salaries for Golden Corral Corporation

Golden Corral Corporation

Entity: Subchapter S Corporation

Industry: Cafeterias, Grill Buffets, and Buffets

Location: Raleigh, NC

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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

Loan Size:


Jobs Retained:


Loan Approved:




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.

Because the loan received by Golden Corral Corporation 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 - Golden Corral Corporation in Raleigh, NC

Golden Corral Corporation
5151 Glenwood Avenue
Raleigh, NC 27612

Business Industry

Cafeterias, Grill Buffets, and Buffets (NAICS code 722514)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional 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.

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.

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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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** This Document Provided By - The Civil Employee's Resource **