PPP Loan Data — GR Opco LLC, Miami, FL
GR Opco LLC is a limited liability company (LLC) located at 1112 Miami Ave in Miami, Florida that received a Coronavirus-related PPP loan from the SBA of $3,301,600.00 in April, 2020.
$ PPP Loan Information
Lender:TRUIST BANK D/B/A BRANCH BANKING & TRUST CO
GR Opco LLC in Miami, FL received a Paycheck Protection Loan of $3.3M through TRUIST BANK D/B/A BRANCH BANKING & TRUST CO, which was approved in April, 2020.
Based on standard PPP eligibility rules, GR Opco LLC's total 2019 payroll expenses were approximately $15.85M in order to qualify for the PPP loan amount received.
Based on their reported 251 jobs retained, this equals an estimated average yearly compensation of $63,138 per employee1.
Business Information - GR Opco LLC in Miami, FL
1112 Miami Ave
Miami, FL 33136
Full-Service Restaurants (NAICS code 722511)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: FL-24
Similar Companies near Miami
In the Miami area, 73 businesses in the "Full-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 29 employees (compared to this company's 251) and received an average PPP loan of $295,780 (compared to this company's $3.3M).
Similar Nearby Businesses Who Received PPP Funding:
130 NE 40Th Street LLC
Carrot Love LLC
TAP 42 Miami LLC
Jacalito Taqueria, Inc.
La Plancha Fast Food Corp
Groot Design District Hospitality, LLC
Paris Athens LLC
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, 92% lower than GR Opco LLC's reported 251 employees, and received an average PPP loan of $116,685, 96% lower than this company's loan of $3.3M.
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