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PPP Loan Data — Great American Restaurants Inc, Fairfax, VA

SBA PPP loan data, payroll data, and salaries for Great American Restaurants Inc
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:

$3.68M

Jobs Retained:

199

Loan Approved:

2020-04-16

Lender:

PNC BANK, NATIONAL ASSOCIATION

Great 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.

Because the loan received by Great American Restaurants Inc is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Great American Restaurants Inc in Fairfax, VA

Great American Restaurants Inc
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-11

Similar 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).

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.

Search FederalPay's Full PPP Loan Database

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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/great-american-restaurants-inc-fairfax-va