PPP Loan Data — Mr Restaurants, Lc, Ogden, UT
Mr Restaurants, Lc is a limited liability company (LLC) located at 5929 Fashion Point Dr Ste 501 in Ogden, Utah that received a Coronavirus-related PPP loan from the SBA of $2,501,300.00 in April, 2020. This business is a Burger King franchise.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Zions Bank, A Division of
Mr Restaurants, Lc in Ogden, UT received a Paycheck Protection Loan of $2.5M through Zions Bank, A Division of, 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
Understanding Payroll Estimates Based On PPP Amount
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, Mr Restaurants, Lc's 2019 payroll expenses are estimated to be at least $12.01M.
Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $24,012 per employee1
Reported PPP Proceed Usage:
On the PPP application, Mr Restaurants, Lc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,501,300
Business Information - Mr Restaurants, Lc in Ogden, UT
5929 Fashion Point Dr Ste 501
Ogden, UT 84403
NAICS code 722511
Business Owner Demographics
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Ogden
In the Ogden area, 58 businesses in the "Full-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 68 employees (compared to this company's 500) and received an average PPP loan of $294,456 (compared to this company's $2.5M).
Similar Nearby Businesses Who Received PPP Funding:
Lost Texan BBQ
Virg's Ogden Inc
Wiseguys Comedy, Inc
Meridian Restaurants Unlimited Lc
Tony's Pizza Inc
Water Pots LLC
Industry PPP Comparison Statistics
PPP recipients in this industry report an average of 22 employees, 96% lower than Mr Restaurants, Lc's reported 500 employees, and received an average PPP loan of $129,504, 95% lower than this company's loan of $2.5M.
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Footnotes & Information
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