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PPP Loan Data — Kumar Management, Corporation,
Foster City, CA
Kumar Management, Corporation
Entity: Corporation
Industry: Limited-Service Restaurants
Location: Foster City, CA
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Kumar Management, Corporation is a corporation located at 1118 Chess Dr in Foster City, California that received a Coronavirus-related PPP loan from the SBA of $2,584,100.00 in April, 2020.
The company has reported itself as an Asian male owned business, and employed at least 382 people during the applicable loan loan period.
$ PPP Loan Information
Loan Size:
Jobs Retained:
382Loan Approved:
2020-04-12Lender:
UMPQUA BANKKumar Management, Corporation in Foster City, CA received a Paycheck Protection Loan of $2.58M through UMPQUA BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Kumar Management, Corporation's total 2019 payroll expenses were approximately $12.4M in order to qualify for the PPP loan amount received.
Based on their reported 382 jobs retained, this equals an estimated average yearly compensation of $32,470 per employee1.
Business Information - Kumar Management, Corporation in Foster City, CA
1118 Chess Dr
Foster City, CA 94404
Business Industry
Limited-Service Restaurants (NAICS code 722513)
Business Owner Demographics
Race / Ethnicity: ASIAN
Gender: MALE OWNED
Veteran Status: NON-VETERAN
Congressional District: CA-14Similar Companies near Foster City
In the Foster City area, 18 businesses in the "Limited-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 70 employees (compared to this company's 382) and received an average PPP loan of $398,417 (compared to this company's $2.58M).
Similar Nearby Businesses Who Received PPP Funding:
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San Mateo, CA
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Toayuen Corporation
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Takeshi Nakagawa
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La Bella Amica LLC
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Patio Coffee Shop
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Yummy Yogurt San Mateo Inc
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Samoon Cheam
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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, 94% lower than Kumar Management, Corporation's reported 382 employees, and received an average PPP loan of $120,904, 95% lower than this company's loan of $2.58M.
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, and is published unmodified, as provided by the SBA.
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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