FederalPay.org
PPP Loan Data — IMA Pizza LLC,
Washington, DC
IMA Pizza LLC
Entity: Limited Liability Company (LLC)
Industry: Full-Service Restaurants
Location: Washington, DC
Tweet This
•
Search All PPP Data
IMA Pizza LLC is a limited liability company (LLC) located at 500 Penn St Ne Ste 8 in Washington, District of Columbia that received a Coronavirus-related PPP loan from the SBA of $2,000,000.00 in May, 2021.
$
PPP Loan Information
Loan #7582079008
Loan Size:
Jobs Retained:
500Loan Approved:
2021-05-26Loan Status:
Paid in Full or ForgivenLender:
Truist BankIMA Pizza LLC in Washington, DC received a Paycheck Protection Loan of $2M through Truist Bank, which was approved in May, 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, 2022.
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, IMA Pizza 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, IMA Pizza LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,000,000
Business Information - IMA Pizza LLC in Washington, DC
500 Penn St Ne Ste 8
Washington, DC 20002
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: Y
Rural / Urban: Urban
Similar Companies near Washington
In the Washington area, 468 businesses in the "Full-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 27 employees (compared to this company's 500) and received an average PPP loan of $218,777 (compared to this company's $2M).
Similar Nearby Businesses Who Received PPP Funding:
Jumbo Seafood Inc
Washington, DC
Momiji Rest Corp
Washington, DC
N USA LLC
Washington, DC
BW3 LLC
Washington, DC
ROB Beverage II LLC
Washington, DC
PAC Concepts Inc
Washington, DC
Eastern Asia Inc
Washington, DC
Jam Doung Style LLC
Washington, DC
9TH Street Pizzeria LLC
Washington, DC
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 IMA Pizza LLC's reported 500 employees, and received an average PPP loan of $130,223, 93% lower than this company's loan of $2M.
IMA Pizza, LLC
Entity: Limited Liability Company (LLC)
Industry: Limited-Service Restaurants
Location: Washington, DC
Tweet This
•
Search All PPP Data
IMA Pizza, LLC is a limited liability company (LLC) located at 500 Penn Street Ne, #106 in Washington, District of Columbia that received a Coronavirus-related PPP loan from the SBA of $3,781,884.00 in April, 2020.
$
PPP Loan Information
Loan #1481827107
Loan Size:
Jobs Retained:
500Loan Approved:
2020-04-10Loan Status:
Paid in Full or ForgivenLender:
Truist BankIMA Pizza, LLC in Washington, DC received a Paycheck Protection Loan of $3.78M through Truist Bank, 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, IMA Pizza, LLC's 2019 payroll expenses are estimated to be at least $18.15M.
Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $36,306 per employee1
Reported PPP Proceed Usage:
On the PPP application, IMA Pizza, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $3,781,884
Business Information - IMA Pizza, LLC in Washington, DC
500 Penn Street Ne, #106
Washington, DC 20002
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: Y
HUBZone: Y
Rural / Urban: Urban
Similar Companies near Washington
In the Washington area, 146 businesses in the "Limited-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 15 employees (compared to this company's 500) and received an average PPP loan of $99,767 (compared to this company's $3.78M).
Similar Nearby Businesses Who Received PPP Funding:
Elias Taddesse
Washington, DC
New York Pizza &Grill Kabob LLC
Washington, DC
JTC Inc
Washington, DC
Major Lu LLC
Washington, DC
North Capital Nh Inc
Washington, DC
Capitol Hill Squash Club Associates
Washington, DC
Patuxent & Potomac LLC
Washington, DC
3RD & K Street Market Inc
Washington, DC
Elmoh's Inc. T/A Sweet Yo
Washington Dc, DC
Industry PPP Comparison Statistics
Nationwide, 136,545 businesses in the "Limited-Service Restaurants" industry received a total of $13.87B 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, 96% lower than IMA Pizza, LLC's reported 500 employees, and received an average PPP loan of $101,556, 97% lower than this company's loan of $3.78M.
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.
Have FederalPay.org's open data tools been valuable? Consider donating!