PPP Loan Data — Razzoo's Inc, Addison, TX
Razzoo's Inc is a corporation located at 14131 Midway Road, Suite, Suite 750 in Addison, Texas that received a Coronavirus-related PPP loan from the SBA of $8,080,300.00 in April, 2020.
$ PPP Loan Information
Razzoo's Inc received a Paycheck Protection Loan of $8.08M through MIDFIRST BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Razzoo's Inc's total 2019 payroll expenses were approximately $38.79M 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 $77,571 per employee1.
Business Information - Razzoo's Inc in Addison, TX
14131 Midway Road, Suite, Suite 750
Addison, TX 75001
Full-Service Restaurants (NAICS code 722511)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: TX-24
Similar Companies near Addison
In the Addison area, 79 businesses in the "Full-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 26 employees (compared to this company's 500) and received an average PPP loan of $228,869 (compared to this company's $8.08M).
Similar Nearby Businesses Who Received PPP Funding:
Dalrock Crossing Bistro And Cafe LLC
Texas De Brazil Addison Corp
FCG Edmond, LLC
Mudbug All In Fun LLC
Addison Union Park LLC
Heavenly Tacos LLC
Bellinis No 1 LTD
Dukes Ice House LLC
Industry PPP Comparison Statistics
Nationwide, 175,054 businesses in the "Full-Service Restaurants" industry received a total of $20,426,260,320.00 in PPP loans. These businesses account for 3% of total PPP applications submitted, and received 4% of the total PPP funding allocated.
PPP recipients in this industry report an average of 20 employees, 96% lower than Razzoo's Inc's reported 500 employees, and received an average PPP loan of $116,685, 99% lower than this company's loan of $8.08M.
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Footnotes & Information
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