FederalPay.org
PPP Loan Data — GPS Hospitality Huts, LLC,
Atlanta, GA
GPS Hospitality Huts, LLC
Entity: Limited Liability Company (LLC)
Industry: Full-Service Restaurants
Location: Atlanta, GA
Tweet This
•
Search All PPP Data
GPS Hospitality Huts, LLC is a limited liability company (LLC) located at 2100 Riveredge Parkway in Atlanta, Georgia that received a Coronavirus-related PPP loan from the SBA of $3,821,500.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
500Loan Approved:
2020-04-14Lender:
CADENCE BANK, NATIONAL ASSOCIATIONGPS Hospitality Huts, LLC received a Paycheck Protection Loan of $3.82M through CADENCE BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, GPS Hospitality Huts, LLC's total 2019 payroll expenses were approximately $18.34M 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 $36,686 per employee1.
Business Information - GPS Hospitality Huts, LLC in Atlanta, GA
2100 Riveredge Parkway
Atlanta, GA 30328
Business Industry
Full-Service Restaurants (NAICS code 722511)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: GA-06Similar Companies near Atlanta
In the Atlanta area, 77 businesses in the "Full-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 51 employees (compared to this company's 500) and received an average PPP loan of $466,131 (compared to this company's $3.82M).
Similar Nearby Businesses Who Received PPP Funding:
Sagla Group Inc
Atlanta, GA
Court Jester LLC
Atlanta, GA
Tanaka Emory LLC
Atlanta, GA
GPS Hospitality Partners III, LLC
Atlanta, GA
Chef Rob's Caribbean Cafe
Sandy Springs, GA
Yummy Eats Inc
Atlanta, GA
El Thrifty Greenville LLC
Atlanta, GA
V-Man Holdings Inc
Atlanta, GA
The Ship And Anchor Pub Inc
Sandy Springs, GA
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 GPS Hospitality Huts, LLC's reported 500 employees, and received an average PPP loan of $116,685, 97% lower than this company's loan of $3.82M.
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.
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.
Have FederalPay.org's open data tools been valuable? Consider donating!