PPP Loan Data — Romulus Restaurants, LLC, Phoenix, AZ
Romulus Restaurants, LLC is a limited liability company (LLC) located at 1048 N 44th Street in Phoenix, Arizona that received a Coronavirus-related PPP loan from the SBA of $8,420,800.00 in April, 2020.
$ PPP Loan Information
Lender:LAKE FOREST BANK & TRUST COMPANY, NATIONAL ASSOCIATION
Romulus Restaurants, LLC received a Paycheck Protection Loan of $8.42M through LAKE FOREST BANK & TRUST COMPANY, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Romulus Restaurants, LLC's total 2019 payroll expenses were approximately $40.42M 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 $80,840 per employee1.
Business Information - Romulus Restaurants, LLC in Phoenix, AZ
1048 N 44th Street
Phoenix, AZ 85008
Full-Service Restaurants (NAICS code 722511)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: AZ-07
Similar Companies near Phoenix
In the Phoenix area, 40 businesses in the "Full-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 64 employees (compared to this company's 500) and received an average PPP loan of $573,360 (compared to this company's $8.42M).
Similar Nearby Businesses Who Received PPP Funding:
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TPQ Foods, LLC (EPC) And Tortas Paquime, LLC (Oc)
Honey Bears Barbeque Inc
Smoke Dem Bones Bar Bq LLC
Rmls Hop Idaho, LLC
Abril Enterprises Inc
Tacos Chiwas LLC
La Canasta Capitolio, Inc.
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 Romulus Restaurants, LLC's reported 500 employees, and received an average PPP loan of $116,685, 99% lower than this company's loan of $8.42M.
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Footnotes & Information
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