PPP Loan Data — PRB Management, LLC, Fairfield, CA
PRB Management, LLC is a limited liability company (LLC) located at 4709 Mangels Blvd in Fairfield, California that received a Coronavirus-related PPP loan from the SBA of $3,580,000.00 in April, 2020.
The company has reported itself as a female owned business, and employed at least 27 people during the applicable loan loan period.
$ PPP Loan Information
Lender:CITY NATIONAL BANK
PRB Management, LLC in Fairfield, CA received a Paycheck Protection Loan of $3.58M through CITY NATIONAL BANK, which was approved in April, 2020.
The size of company's PPP loan indicates that the number of employees on payroll during the eligibility calculation period (typically 2019) was higher than the 27 jobs reported as retained on the PPP application3. This could be caused by a reduction in employment since 2019, due to Coronavirus or other factors.
2019 Payroll Estimations based On PPP Amount:
Assuming all employees were paid over the $100k eligibility cap, the minimum number of employees this company must have had in 2019 to qualify for the loan range received is 172.
Based on standard PPP eligibility rules, PRB Management, LLC's total 2019 payroll expenses were approximately $17.18M (not accounting for salary amounts > $100k) in order to qualify for the PPP loan amount received.
Because the 27 jobs reported are not enough to account for the loan range received, per-employee payrolls cannot be estimated.
Business Information - PRB Management, LLC in Fairfield, CA
4709 Mangels Blvd
Fairfield, CA 94534
Limited-Service Restaurants (NAICS code 722513)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: FEMALE OWNED
Veteran Status: NON-VETERANCongressional District: CA-03
Similar Companies near Fairfield
In the Fairfield area, 28 businesses in the "Limited-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 16 employees (compared to this company's 27) and received an average PPP loan of $213,174 (compared to this company's $3.58M).
Similar Nearby Businesses Who Received PPP Funding:
J.I.H. Pizza, Inc.
J N K Restaurants Inc
M Halal Mediterranean Food
Maintenance And Fab, Inc.
Bay Valley Global Inc
La Famiglia Pizza Inc
Stonefield Enterprises Inc.
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, 15% lower than PRB Management, LLC's reported 27 employees, and received an average PPP loan of $120,904, 97% lower than this company's loan of $3.58M.
FederalPay's PPP Information Policy
Footnotes & Information
3. Since the PPP eligibility will include a maximum of $100k in salary expenses for each employee in the qualifying period, the minimum number of employees required to be eligible for a given PPP loan amount can be calculated by the following equation: ((LOAN AMOUNT/2.5 months) * 12 months) / 100k max salary. If a company reports fewer employees than this amount on their PPP application, it is likely because they had more employees on payroll during the qualifying period.
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