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PPP Loan Data — Rebel Restaurants, Inc,
Boston, MA
Rebel Restaurants, Inc
Entity: Corporation
Industry: Full-Service Restaurants
Location: Boston, MA
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Rebel Restaurants, Inc is a corporation located at 250 Northern Ave Ste 400 in Boston, Massachusetts that received a Coronavirus-related PPP loan from the SBA of $2,000,000.00 in February, 2021.
The company has reported itself as a male owned business, and employed at least 292 people during the applicable loan loan period.
$
PPP Loan Information
Loan #4518378500
Loan Size:
Jobs Retained:
292Loan Approved:
2021-02-26Loan Status:
Paid in Full or ForgivenLender:
Northern Bank and Trust CompanyRebel Restaurants, Inc in Boston, MA received a Paycheck Protection Loan of $2M through Northern Bank and Trust Company, which was approved in February, 2021.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in September, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased 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, Rebel Restaurants, Inc's 2019 payroll expenses are estimated to be at least $9.6M.
Based on their reported 292 jobs retained, this equals an estimated average yearly compensation of $32,877 per employee1
Reported PPP Proceed Usage:
On the PPP application, Rebel Restaurants, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,999,997
- Utilities: $1
Business Information - Rebel Restaurants, Inc in Boston, MA
250 Northern Ave Ste 400
Boston, MA 2210
Business Industry:
Full-Service Restaurants
NAICS code 722511
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Male Owned
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Businesses Using Same Address:
There are 2 other businesses that received a PPP loan registered to the same address as Rebel Restaurants, Inc.
Rebel Restaurants LLC
Full-Service Restaurants
Rebel Restaurants Somerville LLC
Full-Service Restaurants
Similar Companies near Boston
In the Boston area, 76 businesses in the "Full-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 55 employees (compared to this company's 292) and received an average PPP loan of $710,707 (compared to this company's $2M).
Similar Nearby Businesses Who Received PPP Funding:
Tikkaway Boston LLC
Boston, MA
Virginica LLC
Boston, MA
Bar 348 Congress LLC
Boston, MA
Big Night Entertainment
Boston, MA
Caffe Nero Americas Inc
Boston, MA
Tia's Waterfront, LLC
Boston, MA
Rebel Restaurants, LLC
Boston, MA
Pastoral LLC
Boston, MA
Big Causeway LLC
Boston, MA
Industry PPP Comparison Statistics
Nationwide, 326,443 businesses in the "Full-Service Restaurants" industry received a total of $42.51B 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, 92% lower than Rebel Restaurants, Inc's reported 292 employees, and received an average PPP loan of $130,215, 93% lower than this company's loan of $2M.
Rebel Restaurants, Inc
Entity: Corporation
Industry: Full-Service Restaurants
Location: Boston, MA
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Rebel Restaurants, Inc is a corporation located at 250 Northern Ave in Boston, Massachusetts that received a Coronavirus-related PPP loan from the SBA of $3,497,600.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least 292 people during the applicable loan loan period.
$
PPP Loan Information
Loan #7140017110
Loan Size:
Jobs Retained:
292Loan Approved:
2020-04-14Loan Status:
Paid in Full or ForgivenLender:
Northern Bank and Trust CompanyRebel Restaurants, Inc in Boston, MA received a Paycheck Protection Loan of $3.5M through Northern Bank and Trust Company, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in July, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased 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, Rebel Restaurants, Inc's 2019 payroll expenses are estimated to be at least $16.79M.
Based on their reported 292 jobs retained, this equals an estimated average yearly compensation of $57,495 per employee1
Reported PPP Proceed Usage:
On the PPP application, Rebel Restaurants, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $3,497,600
Business Information - Rebel Restaurants, Inc in Boston, MA
250 Northern Ave
Boston, MA 2210
Business Industry:
Full-Service Restaurants
NAICS code 722511
Business Owner Demographics
Race: White
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Unreported
Business Demographics
Business Age:
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Businesses Using Same Address:
There are 6 other businesses that received a PPP loan registered to the same address as Rebel Restaurants, Inc.
Seaport Catering, Inc
Full-Service Restaurants
The Cronin Development, LLC
Lessors of Nonresidential Buildings (except Miniwarehouses)
The Cronin Group, LLC
Limited-Service Restaurants
Tia's Waterfront, LLC
Full-Service Restaurants
Rebel Restaurants, LLC
Full-Service Restaurants
Rebel Restaurants Somerville, LLC
Full-Service Restaurants
Similar Companies near Boston
In the Boston area, 76 businesses in the "Full-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 55 employees (compared to this company's 292) and received an average PPP loan of $710,707 (compared to this company's $3.5M).
Similar Nearby Businesses Who Received PPP Funding:
Tikkaway Boston LLC
Boston, MA
Virginica LLC
Boston, MA
Bar 348 Congress LLC
Boston, MA
Big Night Entertainment
Boston, MA
Caffe Nero Americas Inc
Boston, MA
Tia's Waterfront, LLC
Boston, MA
Rebel Restaurants, LLC
Boston, MA
Pastoral LLC
Boston, MA
Big Causeway LLC
Boston, MA
Industry PPP Comparison Statistics
Nationwide, 326,443 businesses in the "Full-Service Restaurants" industry received a total of $42.51B 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, 92% lower than Rebel Restaurants, Inc's reported 292 employees, and received an average PPP loan of $130,215, 96% lower than this company's loan of $3.5M.
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. FederalPay does not modify the data and makes no claims regarding its accuracy.
Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.
Footnotes & Information
1. Estimations for informational purposes only. 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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