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PPP Loan Data — Holm Restaurants, LLC,
Winter Park, FL
FRANCHISE
FLHolm Restaurants, LLC
Entity: Corporation
Industry: Full-Service Restaurants
Franchise: Golden Corral
Location: Winter Park, FL
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Holm Restaurants, LLC is a corporation located at 1069 W Morse Blvd in Winter Park, Florida that received a Coronavirus-related PPP loan from the SBA of $9,391,000.00 in April, 2020. This business is a Golden Corral franchise.
$
PPP Loan Information
Loan #1323047103
Loan Size:
Jobs Retained:
500Loan Approved:
2020-04-10Loan Status:
Charged OffLender:
Regions BankHolm Restaurants, LLC in Winter Park, FL received a Paycheck Protection Loan of $9.39M through Regions Bank, which was approved in April, 2020.
This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA. 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, Holm Restaurants, LLC's 2019 payroll expenses are estimated to be at least $45.08M.
Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $90,154 per employee1
Reported PPP Proceed Usage:
On the PPP application, Holm Restaurants, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $9,391,000
Business Information - Holm Restaurants, LLC in Winter Park, FL
1069 W Morse Blvd
Winter Park, FL 32789
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: Y
HUBZone: Y
Rural / Urban: Urban
Businesses Using Same Address:
There are 8 other businesses that received a PPP loan registered to the same address as Holm Restaurants, LLC.
Holm Pv Port Orange, LLC
Full-Service Restaurants
Holm Pv Ormond West, LLC
Full-Service Restaurants
Holm Pv Ormond East, LLC
Full-Service Restaurants
Holm Pv Gainesville, LLC
Full-Service Restaurants
Holm Pv Heathrow, LLC
Full-Service Restaurants
Holm Pv South Orange, LLC
Full-Service Restaurants
Metro Corral Partners Inc
Full-Service Restaurants
Metro Corral Partners LLC
Full-Service Restaurants
Similar Companies near Winter Park
In the Winter Park area, 102 businesses in the "Full-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 44 employees (compared to this company's 500) and received an average PPP loan of $343,172 (compared to this company's $9.39M).
Similar Nearby Businesses Who Received PPP Funding:
Holm Pv Port Orange, LLC
Winter Park, FL
Luma On Park LLC
Winter Park, FL
Mezzanotte Of Park Avenue, Inc
Winter Park, FL
Canopy Cafe Inc
Winter Park, FL
El Potro Mexican Restaurant #27, Inc
Winter Park, FL
JP Restaurants, LLC
Winter Park, FL
Taste The Wine Hospitality Group, Inc
Winter Park, FL
Winter Park Jersey, LLC
Winter Park, FL
Nippon Sushi Inc
Winter Park, FL
Industry PPP Comparison Statistics
Nationwide, 326,447 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 Holm Restaurants, LLC's reported 500 employees, and received an average PPP loan of $130,223, 99% lower than this company's loan of $9.39M.
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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