PPP Loan Data — Ramen House LLC, Sandy, UT
Ramen House LLC is a limited liability company (LLC) located at 3060 Deer Hollow Dr in Sandy, Utah that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Zions Bank, A Division of
Ramen House LLC in Sandy, UT received a Paycheck Protection Loan of $25,000 through Zions Bank, A Division of, which was approved in May, 2020.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Ramen House LLC's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 7 jobs retained, this equals an estimated average yearly compensation of $17,143 per employee1
Reported PPP Proceed Usage:
On the PPP application, Ramen House LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - Ramen House LLC in Sandy, UT
3060 Deer Hollow Dr
Sandy, UT 84092
NAICS code 722511
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Sandy
In the Sandy area, 16 businesses in the "Full-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 18 employees (compared to this company's 7) and received an average PPP loan of $88,138 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
Cancun Cafe Inc
Bonpatt 2 LLC
Omega Food Group LLC
JAI Shiva Group, LLC
West Valley City, UT
Allman Enterprises LLC
SU Casa Midvale, Inc
Localz Bistro LLC
Industry PPP Comparison Statistics
Nationwide, 328,914 businesses in the "Full-Service Restaurants" industry received a total of $42.6B in PPP loans. These businesses account for 3% of total PPP applications submitted, and received 5% of the total PPP funding allocated.
PPP recipients in this industry report an average of 22 employees, 214% higher than Ramen House LLC's reported 7 employees, and received an average PPP loan of $129,504, 418% higher than this company's loan of $25,000.
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Footnotes & Information
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