PPP Loan Data — Norms Restaurants, LLC, Bellflower, CA
Norms Restaurants, LLC is a limited liability company (LLC) located at 17904 Lakewood Blvd in Bellflower, California that received a Coronavirus-related PPP loan from the SBA of $10,000,000.00 in April, 2020.
$ PPP Loan Information
Lender:FIRST SAVINGS BANK
Norms Restaurants, LLC in Bellflower, CA received a Paycheck Protection Loan of $10M through FIRST SAVINGS BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Norms Restaurants, LLC's total 2019 payroll expenses were approximately $48M 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 $96,000 per employee1.
Business Information - Norms Restaurants, LLC in Bellflower, CA
17904 Lakewood Blvd
Bellflower, CA 90706
Full-Service Restaurants (NAICS code 722511)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: CA-40
Similar Companies near Bellflower
In the Bellflower area, 21 businesses in the "Full-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 36 employees (compared to this company's 500) and received an average PPP loan of $579,202 (compared to this company's $10M).
Similar Nearby Businesses Who Received PPP Funding:
Pinoy Fusion Restaurant BBQ Grill LLC
Huynh Gia, Inc.
Tacos Y Mariscos La Fuente
Jose Cazares Tamayo
Hello Sushi, Inc.
Best China Kitchen
The Standingroom Bf LLC
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 Norms Restaurants, LLC's reported 500 employees, and received an average PPP loan of $116,685, 99% lower than this company's loan of $10M.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!