PPP Loan Data — Quality Huts Midwest, LLC, Raleigh, NC
Quality Huts Midwest, 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 $2,931,966.00 in April, 2020.
$ PPP Loan Information
Lender:THE HUNTINGTON NATIONAL BANK
Quality Huts Midwest, LLC received a Paycheck Protection Loan of $2.93M through THE HUNTINGTON NATIONAL BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Quality Huts Midwest, LLC's total 2019 payroll expenses were approximately $14.07M in order to qualify for the PPP loan amount received.
Based on their reported 200 jobs retained, this equals an estimated average yearly compensation of $70,367 per employee1.
Business Information - Quality Huts Midwest, LLC in Raleigh, NC
4700 Falls Of Neuse Road
Raleigh, NC 27609
Limited-Service Restaurants (NAICS code 722513)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: NC-04
Similar 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 200) and received an average PPP loan of $1,333,545 (compared to this company's $2.93M).
Similar Nearby Businesses Who Received PPP Funding:
Lady Fingers Catering LLC
Lily's Pizza, Inc.
Meadow Greens Pizza LLC
Hhcs Opco, LLC
Ampler Chicken LLC
Elahi Subway II, Inc
Ampler Pizza LLC
IV Hospitality LLC
Athena Hospitality LLC
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, 89% lower than Quality Huts Midwest, LLC's reported 200 employees, and received an average PPP loan of $120,904, 96% lower than this company's loan of $2.93M.
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Footnotes & Information
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