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PPP Loan Data — Great American Chicken Corp, Inc.,
Los Angeles, CA
Great American Chicken Corp, Inc.
Entity: Corporation
Industry: Limited-Service Restaurants
Location: Los Angeles, CA
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Great American Chicken Corp, Inc. is a corporation located at 1990 S Bundy Dr., Suite 250 in Los Angeles, California that received a Coronavirus-related PPP loan from the SBA of $5,675,700.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
0 UnreportedLoan Approved:
2020-04-04Lender:
WOODFOREST NATIONAL BANKGreat American Chicken Corp, Inc. in Los Angeles, CA received a Paycheck Protection Loan of $5.68M through WOODFOREST NATIONAL BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Great American Chicken Corp, Inc.'s total 2019 payroll expenses were approximately $27.24M in order to qualify for the PPP loan amount received.
Unlike most businesses, Great American Chicken Corp, Inc.'s PPP data does not report the number of jobs retained by their receipt of the Paycheck Protection Loan (some banks did not release this infomation from their loan applications). Without this data, per-employee payrolls for this company cannot be estimated.
Business Information - Great American Chicken Corp, Inc. in Los Angeles, CA
1990 S Bundy Dr., Suite 250
Los Angeles, CA 90025
Business Industry
Limited-Service Restaurants (NAICS code 722513)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: CA-37Similar Companies near Los Angeles
In the Los Angeles area, 66 businesses in the "Limited-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 13 employees (compared to this company's 0) and received an average PPP loan of $163,466 (compared to this company's $5.68M).
Similar Nearby Businesses Who Received PPP Funding:
Alliance Foods Holdings, LLC
Los Angeles, CA
Foodco West, LLC
Los Angeles, CA
E&E Ristorante Group, Inc.
Los Angeles, CA
Laveta Coffee Inc
Los Angeles, CA
Patra Burgers LLC
Los Angeles, CA
Chamo Corporation
Los Angeles, CA
Choi Brothers LLC
Los Angeles, CA
El Sason Inc DBA Attari Grill
Los Angeles, CA
Chickazo Kitchen LLC
Los Angeles, CA
Industry PPP Comparison Statistics
Nationwide, 79,996 businesses in the "Limited-Service Restaurants" industry received a total of $9,671,819,152.00 in PPP loans. These businesses account for 2% of total PPP applications submitted, and received 2% of the total PPP funding allocated.
PPP recipients in this industry report an average of 23 employees, and received an average PPP loan of $120,904, 98% lower than this company's loan of $5.68M.
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.
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