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PPP Loan Data — Piccadilly Holdings,
Southlake, TX
Piccadilly Holdings
Entity: Limited Liability Company (LLC)
Industry: Limited-Service Restaurants
Location: Southlake, TX
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Piccadilly Holdings is a limited liability company (LLC) located at 500 E State Hwy 114 in Southlake, Texas that received a Coronavirus-related PPP loan from the SBA of $6,375,000.00 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:
2020-04-05Lender:
FIRST HORIZON BANKPiccadilly Holdings in Southlake, TX received a Paycheck Protection Loan of $6.38M through FIRST HORIZON BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Piccadilly Holdings' total 2019 payroll expenses were approximately $30.6M 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 $61,200 per employee1.
Business Information - Piccadilly Holdings in Southlake, TX
500 E State Hwy 114
Southlake, TX 76092
Business Industry
Limited-Service Restaurants (NAICS code 722513)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: Unreported
Congressional District: TX-24Similar Companies near Southlake
In the Southlake area, 30 businesses in the "Limited-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 122 employees (compared to this company's 500) and received an average PPP loan of $683,222 (compared to this company's $6.38M).
Similar Nearby Businesses Who Received PPP Funding:
Midwest Hospitality LLC
Southlake, TX
HNN Enterprise, Inc.
Southlake, TX
Hardemax, LLC
Southlake, TX
Pure Health Foods, Inc
Southlake, TX
Lolo's Mwd LLC
Southlake, TX
M&A Restaurant Holdings LLC
Southlake, TX
N&A Restaurant Holdings Group, LLC
Southlake, TX
Sovereign Capital Ventures LLC
Southlake, 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 Piccadilly Holdings' reported 500 employees, and received an average PPP loan of $120,904, 98% lower than this company's loan of $6.38M.
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, 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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