PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Restaurant Sushi Sasa LLC, Denver, CO

ALERT: There are 2 PPP loans for a total of $606,546 in our database for businesses with the name "Restaurant Sushi Sasa LLC" in Denver, CO. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for Restaurant Sushi Sasa LLC
CO

Restaurant Sushi Sasa LLC

Entity: Corporation

Industry: Drinking Places (Alcoholic Beverages)

Location: Denver, CO

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Restaurant Sushi Sasa LLC is a corporation located at 2401 15th St Ste 80 in Denver, Colorado that received a Coronavirus-related PPP loan from the SBA of $523,659.00 in March, 2021.

The company has reported itself as a male owned business, and employed at least 35 people during the applicable loan loan period.

$ PPP Loan Information
Loan #6607218608

Loan Size:

$523,659

Jobs Retained:

35

Loan Approved:

2021-03-23

Loan Status:

Ongoing Loan

Lender:

Itria Ventures LLC

Restaurant Sushi Sasa LLC in Denver, CO received a Paycheck Protection Loan of $523,659 through Itria Ventures LLC, which was approved in March, 2021.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

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 More
Understanding 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 More

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, Restaurant Sushi Sasa LLC's 2019 payroll expenses are estimated to be at least $2.51M.

Based on their reported 35 jobs retained, this equals an estimated average yearly compensation of $71,816 per employee1

Reported PPP Proceed Usage:

On the PPP application, Restaurant Sushi Sasa LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $523,657
  • Utilities: $1

Business Information - Restaurant Sushi Sasa LLC in Denver, CO

Restaurant Sushi Sasa LLC
2401 15th St Ste 80
Denver, CO 80202

Business Industry:
Drinking Places (Alcoholic Beverages)
NAICS code 722410

Business Owner Demographics

Race: Unreported

Ethnicity: Not Hispanic or Latino

Gender: Male Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Denver County, CO — SBA Office 0811 — Congressional District: CO-01

Similar Companies near Denver

In the Denver area, 50 businesses in the "Drinking Places (Alcoholic Beverages)" industry received a PPP loan. These local businesses reported an average of 24 employees (compared to this company's 35) and received an average PPP loan of $159,684 (compared to this company's $523,659).

Industry PPP Comparison Statistics

Nationwide, 46,930 businesses in the "Drinking Places (Alcoholic Beverages)" industry received a total of $2.81B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.

PPP recipients in this industry report an average of 12 employees, 66% lower than Restaurant Sushi Sasa LLC's reported 35 employees, and received an average PPP loan of $59,863, 89% lower than this company's loan of $523,659.

SBA PPP loan data, payroll data, and salaries for Restaurant Sushi Sasa LLC
CO

Restaurant Sushi Sasa LLC

Entity: Corporation

Industry: Full-Service Restaurants

Location: Denver, CO

Search All PPP Data

Restaurant Sushi Sasa LLC is a corporation located at 2401 15th St Ste 80 in Denver, Colorado that received a Coronavirus-related PPP loan from the SBA of $82,887.00 in May, 2020.

The company has reported itself as a male owned business, and employed at least 360 people during the applicable loan loan period.

$ PPP Loan Information
Loan #2987977707

Loan Size:

$82,887

Jobs Retained:

360

Loan Approved:

2020-05-01

Loan Status:

Ongoing Loan

Lender:

JPMorgan Chase Bank, National Association

Restaurant Sushi Sasa LLC in Denver, CO received a Paycheck Protection Loan of $82,887 through JPMorgan Chase Bank, National Association, which was approved in May, 2020.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

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 More
Understanding 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 More

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, Restaurant Sushi Sasa LLC's 2019 payroll expenses are estimated to be at least $397,858.

Based on their reported 360 jobs retained, this equals an estimated average yearly compensation of $1,105 per employee1

Reported PPP Proceed Usage:

On the PPP application, Restaurant Sushi Sasa LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $28,105
  • Utilities: $2,000
  • Rent: $52,782

Business Information - Restaurant Sushi Sasa LLC in Denver, CO

Restaurant Sushi Sasa LLC
2401 15th St Ste 80
Denver, CO 80202

Business Industry:
Full-Service Restaurants
NAICS code 722511

Business Owner Demographics

Race: Unreported

Ethnicity: Not Hispanic or Latino

Gender: Male Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Denver County, CO — SBA Office 0811 — Congressional District: CO-01

Similar Companies near Denver

In the Denver area, 280 businesses in the "Full-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 38 employees (compared to this company's 360) and received an average PPP loan of $346,526 (compared to this company's $82,887).

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, 94% lower than Restaurant Sushi Sasa LLC's reported 360 employees, and received an average PPP loan of $129,504, 56% higher than this company's loan of $82,887.

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.

Search FederalPay's Full PPP Loan Database

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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Source: www.federalpay.org/paycheck-protection-program/restaurant-sushi-sasa-llc-denver-co