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PPP Loan Data — Kind Hospitality Inc,
Mesa, AZ
FRANCHISE
AZKind Hospitality Inc
Entity: Corporation
Industry: Full-Service Restaurants
Franchise: Panera Bread
Location: Mesa, AZ
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Kind Hospitality Inc is a corporation located at 1225 N Gilbert Rd in Mesa, Arizona that received a Coronavirus-related PPP loan from the SBA of $2,000,000.00 in February, 2021. This business is a Panera Bread franchise.
The company has reported itself as a male owned business, and employed at least 500 people during the applicable loan loan period.
$
PPP Loan Information
Loan #3363518505
Loan Size:
Jobs Retained:
500Loan Approved:
2021-02-23Loan Status:
Paid in Full or ForgivenLender:
City National Bank of FloridaKind Hospitality Inc in Mesa, AZ received a Paycheck Protection Loan of $2M through City National Bank of Florida, which was approved in February, 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.
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, Kind Hospitality Inc'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, Kind Hospitality Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,999,994
- Utilities: $1
Business Information - Kind Hospitality Inc in Mesa, AZ
1225 N Gilbert Rd
Mesa, AZ 85203
Business Industry:
Full-Service Restaurants
NAICS code 722511
Business Owner Demographics
Race: Unreported
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Businesses Using Same Address:
There is one other business that received a PPP loan registered to the same address as Kind Hospitality Inc.
Virtu LLC
Full-Service Restaurants
Similar Companies near Mesa
In the Mesa area, 125 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 $152,940 (compared to this company's $2M).
Similar Nearby Businesses Who Received PPP Funding:
Khalil Co Inc
Mesa, AZ
Mariscos El Viejon LLC
Mesa, AZ
@ My_Place LLC
Mesa, AZ
Baja Joe's LLC
Mesa, AZ
Huevos Cafe, LLC
Mesa, AZ
Mesa Grills LLC
Mesa, AZ
ZU Tokyo, Inc
Mesa, AZ
Detroit Soul Food Sistas On The Go LLC
Mesa, AZ
Courageous LLC
Mesa, AZ
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 Kind Hospitality Inc's reported 500 employees, and received an average PPP loan of $130,215, 93% lower than this company's loan of $2M.
Kind Hospitality, Inc
Entity: Corporation
Industry: Full-Service Restaurants
Location: Mesa, AZ
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Kind Hospitality, Inc is a corporation located at 1225 N Gilbert Rd in Mesa, Arizona that received a Coronavirus-related PPP loan from the SBA of $4,154,700.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 499 people during the applicable loan loan period.
$
PPP Loan Information
Loan #6257847002
Loan Size:
Jobs Retained:
499Loan Approved:
2020-04-06Loan Status:
Paid in Full or ForgivenLender:
City National Bank of FloridaKind Hospitality, Inc in Mesa, AZ received a Paycheck Protection Loan of $4.15M through City National Bank of Florida, 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 September, 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, Kind Hospitality, Inc's 2019 payroll expenses are estimated to be at least $19.94M.
Based on their reported 499 jobs retained, this equals an estimated average yearly compensation of $39,965 per employee1
Reported PPP Proceed Usage:
On the PPP application, Kind Hospitality, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $3,116,025
- Utilities: $1,038,675
Business Information - Kind Hospitality, Inc in Mesa, AZ
1225 N Gilbert Rd
Mesa, AZ 85203
Business Industry:
Full-Service Restaurants
NAICS code 722511
Business Owner Demographics
Race: Unreported
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Businesses Using Same Address:
There is one other business that received a PPP loan registered to the same address as Kind Hospitality, Inc.
Virtu LLC
Full-Service Restaurants
Similar Companies near Mesa
In the Mesa area, 125 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 499) and received an average PPP loan of $152,940 (compared to this company's $4.15M).
Similar Nearby Businesses Who Received PPP Funding:
Khalil Co Inc
Mesa, AZ
Mariscos El Viejon LLC
Mesa, AZ
@ My_Place LLC
Mesa, AZ
Baja Joe's LLC
Mesa, AZ
Huevos Cafe, LLC
Mesa, AZ
Mesa Grills LLC
Mesa, AZ
ZU Tokyo, Inc
Mesa, AZ
Detroit Soul Food Sistas On The Go LLC
Mesa, AZ
Courageous LLC
Mesa, AZ
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 Kind Hospitality, Inc's reported 499 employees, and received an average PPP loan of $130,215, 97% lower than this company's loan of $4.15M.
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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