PPP Loan Data — Neighborhood Restaurant Partners LLC, Miami, FL
Neighborhood Restaurant Partners LLC is a limited liability company (LLC) located at 2655 Ne 189th St in Miami, Florida that received a Coronavirus-related PPP loan from the SBA of $8,192,252.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Bank of America, National Association
Neighborhood Restaurant Partners LLC in Miami, FL received a Paycheck Protection Loan of $8.19M through Bank of America, National Association, which was approved in April, 2020.
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, Neighborhood Restaurant Partners LLC's 2019 payroll expenses are estimated to be at least $39.32M.
Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $78,646 per employee1
Reported PPP Proceed Usage:
On the PPP application, Neighborhood Restaurant Partners LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $8,192,252
Business Information - Neighborhood Restaurant Partners LLC in Miami, FL
2655 Ne 189th St
Miami, FL 33180
NAICS code 722513
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Miami
In the Miami area, 46 businesses in the "Limited-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 31 employees (compared to this company's 500) and received an average PPP loan of $261,742 (compared to this company's $8.19M).
Similar Nearby Businesses Who Received PPP Funding:
Subway 2502 Corp
Go Go Fresh Holdings LLC
North Miami, FL
Alaska Coffee Roasting Of FL, LLC
N Miami, FL
Cafe Miami Gardens LLC
Cake House Bakery & Cafe LLC
North Miami, FL
VIA Genova Inc
Aventura D'lites, Inc
A Pereira Inc
Industry PPP Comparison Statistics
Nationwide, 137,629 businesses in the "Limited-Service Restaurants" industry received a total of $13.9B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 2% of the total PPP funding allocated.
PPP recipients in this industry report an average of 21 employees, 96% lower than Neighborhood Restaurant Partners LLC's reported 500 employees, and received an average PPP loan of $100,980, 99% lower than this company's loan of $8.19M.
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Footnotes & Information
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