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PPP Loan Data — Great American Restaurants Inc,
Fairfax, VA
Great American Restaurants Inc
Entity: Subchapter S Corporation
Industry: Full-Service Restaurants
Location: Fairfax, VA
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Great American Restaurants Inc is a subchapter s corporation located at 8280 Willow Oaks Corporate Dr in Fairfax, Virginia that received a Coronavirus-related PPP loan from the SBA of $3,681,400.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
199Loan Approved:
2020-04-16Lender:
PNC BANK, NATIONAL ASSOCIATIONGreat American Restaurants Inc received a Paycheck Protection Loan of $3.68M through PNC BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Great American Restaurants Inc's total 2019 payroll expenses were approximately $17.67M in order to qualify for the PPP loan amount received.
Based on their reported 199 jobs retained, this equals an estimated average yearly compensation of $88,798 per employee1.
Business Information - Great American Restaurants Inc in Fairfax, VA
8280 Willow Oaks Corporate Dr
Fairfax, VA 22031
Business Industry
Full-Service Restaurants (NAICS code 722511)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: VA-11Similar Companies near Fairfax
In the Fairfax area, 77 businesses in the "Full-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 23 employees (compared to this company's 199) and received an average PPP loan of $169,285 (compared to this company's $3.68M).
Similar Nearby Businesses Who Received PPP Funding:
OJU1 Inc
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Mungkorn Thong Inc
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Bonchon Va Inc
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Coastal Flats LLC
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Parwan LLC
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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, 90% lower than Great American Restaurants Inc's reported 199 employees, and received an average PPP loan of $116,685, 97% lower than this company's loan of $3.68M.
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, 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.
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