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PPP Loan Data — Interurban BBQ LTD, Richardson, TX

SBA PPP loan data, payroll data, and salaries for Interurban BBQ LTD
TX

Interurban BBQ LTD

Entity: Partnership

Industry: Full-Service Restaurants

Location: Richardson, TX

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Interurban BBQ LTD is a partnership located at 1050 N. Central Expy in Richardson, Texas that received a Coronavirus-related PPP loan from the SBA of $319,000.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$319,000

Jobs Retained:

0 Unreported

Loan Approved:

2020-04-28

Lender:

SIMMONS BANK

Interurban BBQ LTD received a Paycheck Protection Loan of $319,000 through SIMMONS BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Interurban BBQ LTD's total 2019 payroll expenses were approximately $1.53M in order to qualify for the PPP loan amount received.

Unlike most businesses, Interurban BBQ LTD's PPP data does not report the number of jobs retained by their receipt of the Paycheck Protection Loan (some banks did not release this infomation from their loan applications). Without this data, per-employee payrolls for this company cannot be estimated.

Business Information - Interurban BBQ LTD in Richardson, TX

Interurban BBQ LTD
1050 N. Central Expy
Richardson, TX 75080

Business Industry

Full-Service Restaurants (NAICS code 722511)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: TX-32

Similar Companies near Richardson

In the Richardson area, 91 businesses in the "Full-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 33 employees (compared to this company's 0) and received an average PPP loan of $352,587 (compared to this company's $319,000).

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, and received an average PPP loan of $116,685, 63% lower than this company's loan of $319,000.

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.

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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/interurban-bbq-ltd-richardson-tx