PPP Loan Data — GR Opco LLC,
Miami, FL
GR Opco LLC
Entity: Limited Liability Company (LLC)
Industry: Full-Service Restaurants
Location: 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
Loan Size:
Jobs Retained:
251Loan Approved:
2020-04-14Lender:
TRUIST BANK D/B/A BRANCH BANKING & TRUST COGR 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
Business Industry
Full-Service Restaurants (NAICS code 722511)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: FL-24Similar 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
Miami, FL
Atlacatl Restaurant
Miami, FL
Carrot Love LLC
Miami, FL
TAP 42 Miami LLC
Miami, FL
Jacalito Taqueria, Inc.
Miami, FL
La Plancha Fast Food Corp
Miami, FL
Groot Design District Hospitality, LLC
Miami, FL
Paris Athens LLC
Miami, FL
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.
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.
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!