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PPP Loan Data — Nobu Malibu LLC,
Malibu, CA
Nobu Malibu LLC
Entity: Limited Liability Company (LLC)
Industry: Full-Service Restaurants
Location: Malibu, CA
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Nobu Malibu LLC is a limited liability company (LLC) located at 22706 Pacific Coast Hwy in Malibu, California that received a Coronavirus-related PPP loan from the SBA of $2,000,000.00 in February, 2021.
$
PPP Loan Information
Loan #5055098409
Loan Size:
Jobs Retained:
115Loan Approved:
2021-02-07Loan Status:
Ongoing LoanLender:
New York Business Development CorporationNobu Malibu LLC in Malibu, CA received a Paycheck Protection Loan of $2M through New York Business Development Corporation, which was approved in February, 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 MoreUnderstanding 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 MoreBased 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, Nobu Malibu LLC's 2019 payroll expenses are estimated to be at least $9.6M.
Based on their reported 115 jobs retained, this equals an estimated average yearly compensation of $83,478 per employee1
Reported PPP Proceed Usage:
On the PPP application, Nobu Malibu LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,999,996
- Utilities: $1
Business Information - Nobu Malibu LLC in Malibu, CA
22706 Pacific Coast Hwy
Malibu, CA 90265
Business Industry:
Full-Service Restaurants
NAICS code 722511
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Similar Companies near Malibu
In the Malibu area, 145 businesses in the "Full-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 40 employees (compared to this company's 115) and received an average PPP loan of $348,317 (compared to this company's $2M).
Similar Nearby Businesses Who Received PPP Funding:
D Amores Of PT Dume Inc
Malibu, CA
Petros Mb Inc
Manhattan Beach, CA
Tokay Inc
Manhattan Beach, CA
Yang S. Park
Malibu, CA
Matthew's Garden Cafe
Malibu, CA
Talias Inc
Manhattan Beach, CA
Fish Grill LLC
Malibu, CA
BUI Sushi Co
Malibu, CA
The Reel Inn Corporation
Malibu, CA
Industry PPP Comparison Statistics
Nationwide, 326,480 businesses in the "Full-Service Restaurants" industry received a total of $42.51B 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, 81% lower than Nobu Malibu LLC's reported 115 employees, and received an average PPP loan of $130,209, 93% lower than this company's loan of $2M.
Nobu Malibu LLC
Entity: Limited Liability Company (LLC)
Industry: Full-Service Restaurants
Location: Malibu, CA
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•
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Nobu Malibu LLC is a limited liability company (LLC) located at 22706 Pacific Coast Highway in Malibu, California that received a Coronavirus-related PPP loan from the SBA of $3,114,700.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 244 people during the applicable loan loan period.
$
PPP Loan Information
Loan #3187807110
Loan Size:
Jobs Retained:
244Loan Approved:
2020-04-11Loan Status:
Ongoing LoanLender:
New York Business Development CorporationNobu Malibu LLC in Malibu, CA received a Paycheck Protection Loan of $3.11M through New York Business Development Corporation, which was approved in April, 2020.
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 MoreUnderstanding 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 MoreBased 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, Nobu Malibu LLC's 2019 payroll expenses are estimated to be at least $14.95M.
Based on their reported 244 jobs retained, this equals an estimated average yearly compensation of $61,273 per employee1
Reported PPP Proceed Usage:
On the PPP application, Nobu Malibu LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $3,114,700
Business Information - Nobu Malibu LLC in Malibu, CA
22706 Pacific Coast Highway
Malibu, CA 90265
Business Industry:
Full-Service Restaurants
NAICS code 722511
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Male Owned
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Similar Companies near Malibu
In the Malibu area, 145 businesses in the "Full-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 40 employees (compared to this company's 244) and received an average PPP loan of $348,317 (compared to this company's $3.11M).
Similar Nearby Businesses Who Received PPP Funding:
D Amores Of PT Dume Inc
Malibu, CA
Petros Mb Inc
Manhattan Beach, CA
Tokay Inc
Manhattan Beach, CA
Yang S. Park
Malibu, CA
Matthew's Garden Cafe
Malibu, CA
Talias Inc
Manhattan Beach, CA
Fish Grill LLC
Malibu, CA
BUI Sushi Co
Malibu, CA
The Reel Inn Corporation
Malibu, CA
Industry PPP Comparison Statistics
Nationwide, 326,480 businesses in the "Full-Service Restaurants" industry received a total of $42.51B 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, 91% lower than Nobu Malibu LLC's reported 244 employees, and received an average PPP loan of $130,209, 96% lower than this company's loan of $3.11M.
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.
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.
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