Kona Grill Acquisition, LLC in Denver, CO - SBA PPP Loan Data (Paycheck Protection Program)

PPP Loan Data — Kona Grill Acquisition, LLC, Denver, CO

Kona Grill Acquisition, LLC

Entity: Limited Liability Company (LLC)

Industry:

Location: Denver, CO

Kona Grill Acquisition, LLC is a limited liability company (LLC) located at 1624 Market St in Denver, Colorado that received a Coronavirus-related PPP loan from the SBA of $8,467,000.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$8.47M

Jobs Retained:

500

Loan Approved:

2020-04-28

Lender:

BBVA USA

Kona Grill Acquisition, LLC received a Paycheck Protection Loan of $8.47M through BBVA USA, which was approved in April, 2020.

Based on standard PPP eligibility rules, Kona Grill Acquisition, LLC's total 2019 payroll expenses were approximately $40.64M in order to qualify for the PPP loan amount received.

Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $81,283 per employee¹.

Because the loan received by Kona Grill Acquisition, LLC is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Kona Grill Acquisition, LLC in Denver, CO

Kona Grill Acquisition, LLC
1624 Market St
Denver, CO 80202

Business Industry

(NAICS code )

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: CO-01

Industry PPP Comparison Statistics

Nationwide, 5,156,850 businesses in the "" industry received a total of $522,949,858,572.00 in PPP loans. These businesses account for 100% of total PPP applications submitted, and received 100% of the total PPP funding allocated.

PPP recipients in this industry report an average of 10 employees, 98% lower than Kona Grill Acquisition, LLC's reported 500 employees, and received an average PPP loan of $101,409, 99% lower than this company's loan of $8.47M.

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.

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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