PPP Loan Data — Larosa's Holding Company, Cincinnati, OH
Larosa's Holding Company is a subchapter s corporation located at 2334 Boudinot Ave in Cincinnati, Ohio that received a Coronavirus-related PPP loan from the SBA of $3,750,957.00 in April, 2020.
$ PPP Loan Information
Lender:KEYBANK NATIONAL ASSOCIATION
Larosa's Holding Company received a Paycheck Protection Loan of $3.75M through KEYBANK NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Larosa's Holding Company's total 2019 payroll expenses were approximately $18M 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 $36,009 per employee1.
Business Information - Larosa's Holding Company in Cincinnati, OH
2334 Boudinot Ave
Cincinnati, OH 45238
Full-Service Restaurants (NAICS code 722511)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: OH-01
Similar Companies near Cincinnati
In the Cincinnati area, 22 businesses in the "Full-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 38 employees (compared to this company's 500) and received an average PPP loan of $231,304 (compared to this company's $3.75M).
Similar Nearby Businesses Who Received PPP Funding:
FOX And Panaro LLC
SEA Cuisine LLC
Thai Taste Inc
Bond Hill Cafe, Inc
Lake Nina Rest & Tavern
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, 96% lower than Larosa's Holding Company's reported 500 employees, and received an average PPP loan of $116,685, 97% lower than this company's loan of $3.75M.
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Footnotes & Information
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