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PPP Loan Data — Quality Huts Mid-Atlantic, LLC,
Raleigh, NC
Quality Huts Mid-Atlantic, LLC
Entity: Limited Liability Company (LLC)
Industry: Limited-Service Restaurants
Location: Raleigh, NC
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Quality Huts Mid-Atlantic, LLC is a limited liability company (LLC) located at 4700 Falls Of Neuse Road in Raleigh, North Carolina that received a Coronavirus-related PPP loan from the SBA of $3,031,175.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
300Loan Approved:
2020-04-07Lender:
THE HUNTINGTON NATIONAL BANKQuality Huts Mid-Atlantic, LLC received a Paycheck Protection Loan of $3.03M through THE HUNTINGTON NATIONAL BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Quality Huts Mid-Atlantic, LLC's total 2019 payroll expenses were approximately $14.55M in order to qualify for the PPP loan amount received.
Based on their reported 300 jobs retained, this equals an estimated average yearly compensation of $48,499 per employee1.
Business Information - Quality Huts Mid-Atlantic, LLC in Raleigh, NC
4700 Falls Of Neuse Road
Raleigh, NC 27609
Business Industry
Limited-Service Restaurants (NAICS code 722513)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: NC-04Similar Companies near Raleigh
In the Raleigh area, 26 businesses in the "Limited-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 161 employees (compared to this company's 300) and received an average PPP loan of $1,333,545 (compared to this company's $3.03M).
Similar Nearby Businesses Who Received PPP Funding:
Athena Hospitality LLC
Raleigh, NC
Subway At Six Forks, Inc.
Raleigh, NC
The Kelly Group, LLC
Raleigh, NC
Quality Huts Indianapolis, LLC
Raleigh, NC
NCZ Falls Neusse, LLC
Raleigh, NC
Ampler Chicken LLC
Raleigh, NC
Quality Huts Midwest, LLC
Raleigh, NC
Elahi Subway II, Inc
Raleigh, NC
Stromboli's Inc.
Raleigh, NC
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, 92% lower than Quality Huts Mid-Atlantic, LLC's reported 300 employees, and received an average PPP loan of $120,904, 96% lower than this company's loan of $3.03M.
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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