PPP Loan Data — Reetz Pub And Grub Club LLC, Richardson, TX
Reetz Pub And Grub Club LLC is a limited liability company (LLC) located at 1411 E Campbell Rd Ste 101 in Richardson, Texas that received a Coronavirus-related PPP loan from the SBA of $42,040.00 in May, 2020.
$ PPP Loan Information
Lender:JPMORGAN CHASE BANK, NATIONAL ASSOCIATION
Reetz Pub And Grub Club LLC received a Paycheck Protection Loan of $42,040 through JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, which was approved in May, 2020.
Based on standard PPP eligibility rules, Reetz Pub And Grub Club LLC's total 2019 payroll expenses were approximately $201,792 in order to qualify for the PPP loan amount received.
Based on their reported 11 jobs retained, this equals an estimated average yearly compensation of $18,345 per employee1.
Business Information - Reetz Pub And Grub Club LLC in Richardson, TX
1411 E Campbell Rd Ste 101
Richardson, TX 75081
Full-Service Restaurants (NAICS code 722511)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: TX-32
Similar Companies near Richardson
In the Richardson area, 115 businesses in the "Full-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 36 employees (compared to this company's 11) and received an average PPP loan of $335,277 (compared to this company's $42,040).
Similar Nearby Businesses Who Received PPP Funding:
Taco Plug LLC
Five Star Cafe, LLC
Tacosymas Richardson LLC
Interurban BBQ LTD
Mena's Eastside LLC
Double Kitchen Inc.
2002 Pho Corporation
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, 82% higher than Reetz Pub And Grub Club LLC's reported 11 employees, and received an average PPP loan of $116,685, 178% higher than this company's loan of $42,040.
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. 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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