PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Michael's Grill, Inc, Tampa, FL

ALERT: There are 3 PPP loans for a total of $259,550 in our database for businesses with the name "Michael's Grill, Inc" in Tampa, FL. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for Michael's Grill, Inc
FL

Michael's Grill, Inc

Entity: Corporation

Industry: Full-Service Restaurants

Location: Tampa, FL

Search All PPP Data

Michael's Grill, Inc is a corporation located at 11720 N Dale Mabry Hwy in Tampa, Florida that received a Coronavirus-related PPP loan from the SBA of $111,550.00 in January, 2021.

The company has reported itself as a White male owned business, and employed at least 23 people during the applicable loan loan period.

$ PPP Loan Information
Loan #1157658305

Loan Size:

$111,550

Jobs Retained:

23

Loan Approved:

2021-01-16

Loan Status:

Ongoing Loan

Lender:

First Citrus Bank

Michael's Grill, Inc in Tampa, FL received a Paycheck Protection Loan of $111,550 through First Citrus Bank, which was approved in January, 2021.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

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 More
Understanding 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 More

Based 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, Michael's Grill, Inc's 2019 payroll expenses are estimated to be at least $535,440.

Based on their reported 23 jobs retained, this equals an estimated average yearly compensation of $23,280 per employee1

Reported PPP Proceed Usage:

On the PPP application, Michael's Grill, Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $111,548
  • Utilities: $1

Business Information - Michael's Grill, Inc in Tampa, FL

Michael's Grill, Inc
11720 N Dale Mabry Hwy
Tampa, FL 33618

Business Industry:
Full-Service Restaurants
NAICS code 722511

Business Owner Demographics

Race: White

Ethnicity: Unreported

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

Hillsborough County, FL — SBA Office 0455 — Congressional District: FL-14

Similar Companies near Tampa

In the Tampa area, 125 businesses in the "Full-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 14 employees (compared to this company's 23) and received an average PPP loan of $72,548 (compared to this company's $111,550).

Industry PPP Comparison Statistics

Nationwide, 328,914 businesses in the "Full-Service Restaurants" industry received a total of $42.6B 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, 4% lower than Michael's Grill, Inc's reported 23 employees, and received an average PPP loan of $129,504, 16% higher than this company's loan of $111,550.

SBA PPP loan data, payroll data, and salaries for Michael's Grill Inc
FL

Michael's Grill Inc

Entity: Sole Proprietorship

Industry: Snack and Nonalcoholic Beverage Bars

Location: Tampa, FL

Search All PPP Data

Michael's Grill Inc is a sole proprietorship located at 11720 N Dale Mabry Hwy in Tampa, Florida that received a Coronavirus-related PPP loan from the SBA of $71,200.00 in April, 2020.

The company has reported itself as a White male owned business, and employed at least 25 people during the applicable loan loan period.

$ PPP Loan Information
Loan #7608597105

Loan Size:

$71,200

Jobs Retained:

25

Loan Approved:

2020-04-14

Loan Status:

Paid in Full or Forgiven

Lender:

Customers Bank

Michael's Grill Inc in Tampa, FL received a Paycheck Protection Loan of $71,200 through Customers Bank, 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 June, 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 More
Understanding 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 More

Based 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, Michael's Grill Inc's 2019 payroll expenses are estimated to be at least $341,760.

Based on their reported 25 jobs retained, this equals an estimated average yearly compensation of $13,670 per employee1

Reported PPP Proceed Usage:

On the PPP application, Michael's Grill Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $71,200

Business Information - Michael's Grill Inc in Tampa, FL

Michael's Grill Inc
11720 N Dale Mabry Hwy
Tampa, FL 33618

Business Industry:
Snack and Nonalcoholic Beverage Bars
NAICS code 722515

Business Owner Demographics

Race: White

Ethnicity: Unreported

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

Hillsborough County, FL — SBA Office 0455 — Congressional District: FL-14

Similar Companies near Tampa

In the Tampa area, 14 businesses in the "Snack and Nonalcoholic Beverage Bars" industry received a PPP loan. These local businesses reported an average of 9 employees (compared to this company's 25) and received an average PPP loan of $34,670 (compared to this company's $71,200).

Industry PPP Comparison Statistics

Nationwide, 27,681 businesses in the "Snack and Nonalcoholic Beverage Bars" industry received a total of $1.44B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.

PPP recipients in this industry report an average of 11 employees, 56% lower than Michael's Grill Inc's reported 25 employees, and received an average PPP loan of $52,130, 27% lower than this company's loan of $71,200.

SBA PPP loan data, payroll data, and salaries for Michael's Grill, Inc
FL

Michael's Grill, Inc

Entity: Corporation

Industry: Full-Service Restaurants

Location: Tampa, FL

Search All PPP Data

Michael's Grill, Inc is a corporation located at 11720 N. Dale Mabry in Tampa, Florida that received a Coronavirus-related PPP loan from the SBA of $76,800.00 in April, 2020.

The company has reported itself as a White male owned business, and employed at least 23 people during the applicable loan loan period.

$ PPP Loan Information
Loan #6988967007

Loan Size:

$76,800

Jobs Retained:

23

Loan Approved:

2020-04-07

Loan Status:

Paid in Full or Forgiven

Lender:

First Citrus Bank

Michael's Grill, Inc in Tampa, FL received a Paycheck Protection Loan of $76,800 through First Citrus Bank, 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 May, 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 More
Understanding 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 More

Based 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, Michael's Grill, Inc's 2019 payroll expenses are estimated to be at least $368,640.

Based on their reported 23 jobs retained, this equals an estimated average yearly compensation of $16,028 per employee1

Reported PPP Proceed Usage:

On the PPP application, Michael's Grill, Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $61,500
  • Utilities: $5,240
  • Rent: $10,060

Business Information - Michael's Grill, Inc in Tampa, FL

Michael's Grill, Inc
11720 N. Dale Mabry
Tampa, FL 33618

Business Industry:
Full-Service Restaurants
NAICS code 722511

Business Owner Demographics

Race: White

Ethnicity: Unreported

Gender: Male Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: Y

Rural / Urban: Urban

Hillsborough County, FL — SBA Office 0455 — Congressional District: FL-14

Similar Companies near Tampa

In the Tampa area, 125 businesses in the "Full-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 14 employees (compared to this company's 23) and received an average PPP loan of $72,548 (compared to this company's $76,800).

Industry PPP Comparison Statistics

Nationwide, 328,914 businesses in the "Full-Service Restaurants" industry received a total of $42.6B 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, 4% lower than Michael's Grill, Inc's reported 23 employees, and received an average PPP loan of $129,504, 69% higher than this company's loan of $76,800.

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. 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.


Have FederalPay.org's open data tools been valuable? Consider donating!

** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/michaels-grill-inc-tampa-fl