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PPP Loan Data — Hickory Tavern Holdings LLC,
Charlotte, NC
Hickory Tavern Holdings LLC
Entity: Limited Liability Company (LLC)
Industry: Full-Service Restaurants
Location: Charlotte, NC
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Hickory Tavern Holdings LLC is a limited liability company (LLC) located at 13900 Conlan Cir Ste 240 in Charlotte, North Carolina that received a Coronavirus-related PPP loan from the SBA of $2,000,000.00 in March, 2021.
$
PPP Loan Information
Loan #8863978502
Loan Size:
Jobs Retained:
500Loan Approved:
2021-03-10Loan Status:
Paid in Full or ForgivenLender:
Citizens Bank, National AssociationHickory Tavern Holdings LLC in Charlotte, NC received a Paycheck Protection Loan of $2M through Citizens Bank, National Association, which was approved in March, 2021.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in December, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Hickory Tavern Holdings LLC's 2019 payroll expenses are estimated to be at least $9.6M.
Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $19,200 per employee1
Reported PPP Proceed Usage:
On the PPP application, Hickory Tavern Holdings LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,999,997
- Utilities: $1
Business Information - Hickory Tavern Holdings LLC in Charlotte, NC
13900 Conlan Cir Ste 240
Charlotte, NC 28277
Business Industry:
Full-Service Restaurants
NAICS code 722511
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Businesses Using Same Address:
There are 9 other businesses that received a PPP loan registered to the same address as Hickory Tavern Holdings LLC.
DP3 LLC
Full-Service Restaurants
CB7 Of Mckee LLC
Full-Service Restaurants
CB7 Of Pinehurst LLC
Full-Service Restaurants
CB7 Of Mountain Brook LLC
Full-Service Restaurants
CB7 Of Lawndale LLC
Full-Service Restaurants
CB7 Of Mint Hill LLC
Full-Service Restaurants
T & B Concepts Of Morrisville LLC
Full-Service Restaurants
T & B Concepts Of Woodhill LLC
Full-Service Restaurants
T & B Concepts Of Holly Springs LLC
Full-Service Restaurants
Similar Companies near Charlotte
In the Charlotte area, 140 businesses in the "Full-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 32 employees (compared to this company's 500) and received an average PPP loan of $221,796 (compared to this company's $2M).
Similar Nearby Businesses Who Received PPP Funding:
Librettos Ballantyne LLC
Charlotte, NC
Miro Miro Inc
Charlotte, NC
Ddmm Inc
Charlotte, NC
131 Main Blakeney LLC
Charlotte, NC
Charlotte Cafe Holding LLC
Charlotte, NC
FIT Kitchen LLC
Charlotte, NC
Firebirds International LLC
Charlotte, NC
A & H Foods Inc
Charlotte, NC
Ilios Noche Providence
Charlotte, NC
Industry PPP Comparison Statistics
Nationwide, 326,443 businesses in the "Full-Service Restaurants" industry received a total of $42.51B in PPP loans. These businesses account for 3% of total PPP applications submitted, and received 5% of the total PPP funding allocated.
PPP recipients in this industry report an average of 22 employees, 96% lower than Hickory Tavern Holdings LLC's reported 500 employees, and received an average PPP loan of $130,215, 93% lower than this company's loan of $2M.
Hickory Tavern Holdings, LLC
Entity: Limited Liability Company (LLC)
Industry: Full-Service Restaurants
Location: Charlotte, NC
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Hickory Tavern Holdings, LLC is a limited liability company (LLC) located at 13900 Conlan Circle Suite 240 in Charlotte, North Carolina that received a Coronavirus-related PPP loan from the SBA of $6,346,500.00 in April, 2020.
$
PPP Loan Information
Loan #7997947106
Loan Size:
Jobs Retained:
500Loan Approved:
2020-04-14Loan Status:
Paid in Full or ForgivenLender:
Citizens Bank, National AssociationHickory Tavern Holdings, LLC in Charlotte, NC received a Paycheck Protection Loan of $6.35M through Citizens Bank, National Association, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in July, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Hickory Tavern Holdings, LLC's 2019 payroll expenses are estimated to be at least $30.46M.
Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $60,926 per employee1
Reported PPP Proceed Usage:
On the PPP application, Hickory Tavern Holdings, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $6,346,500
Business Information - Hickory Tavern Holdings, LLC in Charlotte, NC
13900 Conlan Circle Suite 240
Charlotte, NC 28277
Business Industry:
Full-Service Restaurants
NAICS code 722511
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Similar Companies near Charlotte
In the Charlotte area, 140 businesses in the "Full-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 32 employees (compared to this company's 500) and received an average PPP loan of $221,796 (compared to this company's $6.35M).
Similar Nearby Businesses Who Received PPP Funding:
Librettos Ballantyne LLC
Charlotte, NC
Miro Miro Inc
Charlotte, NC
Ddmm Inc
Charlotte, NC
131 Main Blakeney LLC
Charlotte, NC
Charlotte Cafe Holding LLC
Charlotte, NC
FIT Kitchen LLC
Charlotte, NC
Firebirds International LLC
Charlotte, NC
A & H Foods Inc
Charlotte, NC
Ilios Noche Providence
Charlotte, NC
Industry PPP Comparison Statistics
Nationwide, 326,443 businesses in the "Full-Service Restaurants" industry received a total of $42.51B in PPP loans. These businesses account for 3% of total PPP applications submitted, and received 5% of the total PPP funding allocated.
PPP recipients in this industry report an average of 22 employees, 96% lower than Hickory Tavern Holdings, LLC's reported 500 employees, and received an average PPP loan of $130,215, 98% lower than this company's loan of $6.35M.
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. FederalPay does not modify the data and makes no claims regarding its accuracy.
Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.
Footnotes & Information
1. Estimations for informational purposes only. 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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