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PPP Loan Data — K & K Three Restaurants Inc, Rancho Santa Margarita, CA

SBA PPP loan data, payroll data, and salaries for K & K Three Restaurants Inc
CA

K & K Three Restaurants Inc

Entity: Corporation

Industry: Limited-Service Restaurants

Location: Rancho Santa Margarita, CA

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K & K Three Restaurants Inc is a corporation located at 28562 Oso Pkwy in Rancho Santa Margarita, California that received a Coronavirus-related PPP loan from the SBA of $173,000.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$173,000

Jobs Retained:

25

Loan Approved:

2020-04-27

Lender:

FIRST FINANCIAL BANK

K & K Three Restaurants Inc received a Paycheck Protection Loan of $173,000 through FIRST FINANCIAL BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, K & K Three Restaurants Inc's total 2019 payroll expenses were approximately $830,400 in order to qualify for the PPP loan amount received.

Based on their reported 25 jobs retained, this equals an estimated average yearly compensation of $33,216 per employee1.

Business Information - K & K Three Restaurants Inc in Rancho Santa Margarita, CA

K & K Three Restaurants Inc
28562 Oso Pkwy
Rancho Santa Margarita, CA 92688

Business Industry

Limited-Service Restaurants (NAICS code 722513)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: CA-45

Similar Companies near Rancho Santa Margarita

In the Rancho Santa Margarita area, 16 businesses in the "Limited-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 182 employees (compared to this company's 25) and received an average PPP loan of $1,598,012 (compared to this company's $173,000).

Industry PPP Comparison Statistics

Nationwide, 79,996 businesses in the "Limited-Service Restaurants" industry received a total of $9,671,819,152.00 in PPP loans. These businesses account for 2% of total PPP applications submitted, and received 2% of the total PPP funding allocated.

PPP recipients in this industry report an average of 23 employees, 8% lower than K & K Three Restaurants Inc's reported 25 employees, and received an average PPP loan of $120,904, 30% lower than this company's loan of $173,000.

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.

Search FederalPay's Full PPP Loan Database

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/k-and-k-three-restaurants-inc-rancho-santa-margarita-ca