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PPP Loan Data — HZ Lm Casual Foods LLC,
Sugar Land, TX
FRANCHISE
TXHZ Lm Casual Foods LLC
Entity: Corporation
Industry: Limited-Service Restaurants
Franchise: La Madeleine
Location: Sugar Land, TX
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HZ Lm Casual Foods LLC is a corporation located at 4415 Highway 6 in Sugar Land, Texas that received a Coronavirus-related PPP loan from the SBA of $2,000,000.00 in April, 2021. This business is a La Madeleine franchise.
$
PPP Loan Information
Loan #8637838704
Loan Size:
Jobs Retained:
21Loan Approved:
2021-04-07Loan Status:
Paid in Full or ForgivenLender:
Lake Forest Bank & Trust Company, National AssociationHZ Lm Casual Foods LLC in Sugar Land, TX received a Paycheck Protection Loan of $2M through Lake Forest Bank & Trust Company, National Association, which was approved in April, 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 February, 2022.
The size of company's PPP loan indicates that the number of employees on payroll during the eligibility calculation period (typically 2019) was higher than the 21 jobs reported as retained on the PPP application3. This could be caused by a reduction in employment since 2019, due to Coronavirus or other factors.The minimum number of employees this company must have had in 2019 to qualify for the loan range received is 96. This estimation is accurate if all employees were paid at or over the $100k PPP salary eligibility cap.
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, HZ Lm Casual Foods LLC's 2019 payroll expenses are estimated to be at least $9.6M (not accounting for salary amounts > $100k).
Because the 21 jobs reported are not enough to account for the loan range received, per-employee payrolls cannot be estimated.
Reported PPP Proceed Usage:
On the PPP application, HZ Lm Casual Foods LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,999,999
- Utilities: $1
Business Information - HZ Lm Casual Foods LLC in Sugar Land, TX
4415 Highway 6
Sugar Land, TX 77478
Business Industry:
Limited-Service Restaurants
NAICS code 722513
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 HZ Lm Casual Foods LLC.
Universal Enterprises Inc
Gasoline Stations with Convenience Stores
D & D International Inc
Gasoline Stations with Convenience Stores
Abbasi Enterprises Inc
Limited-Service Restaurants
Katy Enterprises Inc
Gasoline Stations with Convenience Stores
S & A Oil Company Inc
Gasoline Stations with Convenience Stores
Griffith Construction Management Solutions Inc
Commercial and Institutional Building Construction
Amin Enterprises Inc
Limited-Service Restaurants
Tristar Convenience Stores Inc
Gasoline Stations with Convenience Stores
Gulshan Enterprises Inc
Gasoline Stations with Convenience Stores
Similar Companies near Sugar Land
In the Sugar Land area, 197 businesses in the "Limited-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 61 employees (compared to this company's 21) and received an average PPP loan of $518,361 (compared to this company's $2M).
Similar Nearby Businesses Who Received PPP Funding:
AVA DC LLC
Sugar Land, TX
Txsdi 3786, LLC
Stafford, TX
Myrom LLC
Sugar Land, TX
Lamarque 4979, LLC
Sugar Land, TX
9Er's Grill @ New Territory LLC
Sugar Land, TX
Txsdi 31, LLC
Stafford, TX
Talklc LLC
Sugar Land, TX
Brookstreet LLC
Sugar Land, TX
Aarna Business Inc
Sugar Land, TX
Industry PPP Comparison Statistics
Nationwide, 136,535 businesses in the "Limited-Service Restaurants" industry received a total of $13.86B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 2% of the total PPP funding allocated.
PPP recipients in this industry report an average of 21 employees, the same amount reported by HZ Lm Casual Foods LLC and received an average PPP loan of $101,537, 95% lower than this company's loan of $2M.
FRANCHISE
TXHZ Lm Casual Foods, LLC
Entity: Corporation
Industry: Full-Service Restaurants
Franchise: La Madeleine
Location: Sugar Land, TX
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HZ Lm Casual Foods, LLC is a corporation located at 4415 Highway 6 in Sugar Land, Texas that received a Coronavirus-related PPP loan from the SBA of $5,324,600.00 in April, 2020. This business is a La Madeleine franchise.
$
PPP Loan Information
Loan #6652337002
Loan Size:
Jobs Retained:
500Loan Approved:
2020-04-07Loan Status:
Paid in Full or ForgivenLender:
Lake Forest Bank & Trust Company, National AssociationHZ Lm Casual Foods, LLC in Sugar Land, TX received a Paycheck Protection Loan of $5.32M through Lake Forest Bank & Trust Company, 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, HZ Lm Casual Foods, LLC's 2019 payroll expenses are estimated to be at least $25.56M.
Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $51,116 per employee1
Reported PPP Proceed Usage:
On the PPP application, HZ Lm Casual Foods, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $3,993,450
- Rent: $1,331,150
Business Information - HZ Lm Casual Foods, LLC in Sugar Land, TX
4415 Highway 6
Sugar Land, TX 77478
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 HZ Lm Casual Foods, LLC.
Universal Enterprises Inc
Gasoline Stations with Convenience Stores
D & D International Inc
Gasoline Stations with Convenience Stores
Abbasi Enterprises Inc
Limited-Service Restaurants
Katy Enterprises Inc
Gasoline Stations with Convenience Stores
S & A Oil Company Inc
Gasoline Stations with Convenience Stores
Griffith Construction Management Solutions Inc
Commercial and Institutional Building Construction
Amin Enterprises Inc
Limited-Service Restaurants
Tristar Convenience Stores Inc
Gasoline Stations with Convenience Stores
Gulshan Enterprises Inc
Gasoline Stations with Convenience Stores
Similar Companies near Sugar Land
In the Sugar Land area, 266 businesses in the "Full-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 34 employees (compared to this company's 500) and received an average PPP loan of $173,701 (compared to this company's $5.32M).
Similar Nearby Businesses Who Received PPP Funding:
Cakes U Crave, LLC
Sugar Land, TX
Escobar Operating Co LLC DBA Las Haciendas Mexican Bar & Gri
Stafford, TX
Dimassi First Colony, Inc
Sugar Land, TX
Madras Foods Inc
Sugar Land, TX
AVA Wv LLC
Sugar Land, TX
J&Y Sim LLC
Sugar Land, TX
Pearl Dynasty II, LP
Sugar Land, TX
Yummy Cstars LLC
Sugar Land, TX
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 HZ Lm Casual Foods, LLC's reported 500 employees, and received an average PPP loan of $130,215, 98% lower than this company's loan of $5.32M.
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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