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PPP Loan Data — Northeast Foods LLC,
Sugar Land, TX
Northeast Foods LLC
Entity: Limited Liability Company (LLC)
Industry: Limited-Service Restaurants
Location: Sugar Land, TX
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Northeast Foods LLC is a limited liability company (LLC) located at 4415 Highway 6 in Sugar Land, Texas that received a Coronavirus-related PPP loan from the SBA of $7,773,800.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 500 people during the applicable loan loan period.
$ PPP Loan Information
Loan Size:
Jobs Retained:
500Loan Approved:
2020-04-06Lender:
WALLIS BANKNortheast Foods LLC received a Paycheck Protection Loan of $7.77M through WALLIS BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Northeast Foods LLC's total 2019 payroll expenses were approximately $37.31M 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 $74,628 per employee1.
Business Information - Northeast Foods LLC in Sugar Land, TX
4415 Highway 6
Sugar Land, TX 77478
Business Industry
Limited-Service Restaurants (NAICS code 722513)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: NON-VETERAN
Congressional District: TX-22Similar Companies near Sugar Land
In the Sugar Land area, 125 businesses in the "Limited-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 77 employees (compared to this company's 500) and received an average PPP loan of $705,245 (compared to this company's $7.77M).
Similar Nearby Businesses Who Received PPP Funding:
Star Subs Ventures II LLC
Sugar Land, TX
Omar Perez
Sugar Land, TX
Jenjas LLC
Sugar Land, TX
Txsdi 1125 LLC
Stafford, TX
Houston Foods, Inc.
Sugar Land, TX
GRA Enterprises Inc
Stafford, TX
HZ Ops Holdings, Inc.
Sugar Land, TX
Lamarque Sdi, LLC
Sugar Land, TX
Industry PPP Comparison Statistics
Nationwide, 79,996 businesses in the "Limited-Service Restaurants" industry received a total of $9,671,819,152.00 in PPP loans. These businesses account for 2% of total PPP applications submitted, and received 2% of the total PPP funding allocated.
PPP recipients in this industry report an average of 23 employees, 95% lower than Northeast Foods LLC's reported 500 employees, and received an average PPP loan of $120,904, 98% lower than this company's loan of $7.77M.
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.
Footnotes & Information
1. 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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