PPP Loan Data — Royal Food Service Co Inc, Atlanta, GA
Royal Food Service Co Inc is a subchapter s corporation located at 3720 Zip Industrial Blvd Se in Atlanta, Georgia that received a Coronavirus-related PPP loan from the SBA of $3,569,938.00 in April, 2020.
$ PPP Loan Information
Lender:TRUIST BANK D/B/A BRANCH BANKING & TRUST CO
Royal Food Service Co Inc received a Paycheck Protection Loan of $3.57M through TRUIST BANK D/B/A BRANCH BANKING & TRUST CO, which was approved in April, 2020.
Based on standard PPP eligibility rules, Royal Food Service Co Inc's total 2019 payroll expenses were approximately $17.14M in order to qualify for the PPP loan amount received.
Based on their reported 245 jobs retained, this equals an estimated average yearly compensation of $69,942 per employee1.
Business Information - Royal Food Service Co Inc in Atlanta, GA
3720 Zip Industrial Blvd Se
Atlanta, GA 30354
General Line Grocery Merchant Wholesalers (NAICS code 424410)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: GA-05
Industry PPP Comparison Statistics
Nationwide, 4,442 businesses in the "General Line Grocery Merchant Wholesalers" industry received a total of $596,799,136.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 14 employees, 94% lower than Royal Food Service Co Inc's reported 245 employees, and received an average PPP loan of $134,354, 96% lower than this company's loan of $3.57M.
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Footnotes & Information
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