FederalPay.org
PPP Loan Data — RSQ Foods LLC,
White Plains, NY
FRANCHISE
NYRSQ Foods LLC
Entity: Limited Liability Company (LLC)
Industry: Full-Service Restaurants
Franchise: Buffalo Wild Wings
Location: White Plains, NY
Tweet This
•
Search All PPP Data
RSQ Foods LLC is a limited liability company (LLC) located at 7 Renaissance Sq Fl 5 in White Plains, New York that received a Coronavirus-related PPP loan from the SBA of $2,000,000.00 in February, 2021. This business is a Buffalo Wild Wings franchise.
The company has reported itself as a male veteran owned business, and employed at least 471 people during the applicable loan loan period.
$
PPP Loan Information
Loan #3312598507
Loan Size:
Jobs Retained:
471Loan Approved:
2021-02-23Loan Status:
Paid in Full or ForgivenLender:
Fairfield County BankRSQ Foods LLC in White Plains, NY received a Paycheck Protection Loan of $2M through Fairfield County Bank, 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 January, 2022.
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, RSQ Foods LLC's 2019 payroll expenses are estimated to be at least $9.6M.
Based on their reported 471 jobs retained, this equals an estimated average yearly compensation of $20,382 per employee1
Reported PPP Proceed Usage:
On the PPP application, RSQ Foods LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,999,995
- Utilities: $1
Business Information - RSQ Foods LLC in White Plains, NY
7 Renaissance Sq Fl 5
White Plains, NY 10601
Business Industry:
Full-Service Restaurants
NAICS code 722511
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Male Owned
Veteran Status: Veteran
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: Y
Rural / Urban: Urban
Businesses Using Same Address:
There is one other business that received a PPP loan registered to the same address as RSQ Foods LLC.
Trailways Ticketing & Marketing LLC
All Other Travel Arrangement and Reservation Services
Similar Companies near White Plains
In the White Plains area, 70 businesses in the "Full-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 48 employees (compared to this company's 471) and received an average PPP loan of $221,663 (compared to this company's $2M).
Similar Nearby Businesses Who Received PPP Funding:
VIA Garibaldi, Inc
White Plains, NY
Main Street Gourmet Deli & Grill Inc
White Plains, NY
Urfa Corporation
White Plains, NY
Las Mamis Restaurant Corp
White Plains, NY
RH Restaurant Group Inc
White Plains, NY
Nipu786 Corp
White Plains, NY
Famiglia-Debartolo Operations LLC
White Plains, NY
Lolas Restaurant And Bar Inc
White Plains, NY
Charleys Famous Inc
White Plains, NY
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, 95% lower than RSQ Foods LLC's reported 471 employees, and received an average PPP loan of $130,215, 93% lower than this company's loan of $2M.
FRANCHISE
NYRSQ Foods, LLC
Entity: Limited Liability Company (LLC)
Industry: Full-Service Restaurants
Franchise: Buffalo Wild Wings
Location: White Plains, NY
Tweet This
•
Search All PPP Data
RSQ Foods, LLC is a limited liability company (LLC) located at 7 Renaissance Sq in White Plains, New York that received a Coronavirus-related PPP loan from the SBA of $3,902,700.00 in April, 2020. This business is a Buffalo Wild Wings franchise.
The company has reported itself as a male veteran owned business, and employed at least 500 people during the applicable loan loan period.
$
PPP Loan Information
Loan #6235327303
Loan Size:
Jobs Retained:
500Loan Approved:
2020-04-30Loan Status:
Paid in Full or ForgivenLender:
Fairfield County BankRSQ Foods, LLC in White Plains, NY received a Paycheck Protection Loan of $3.9M through Fairfield County Bank, 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, RSQ Foods, LLC's 2019 payroll expenses are estimated to be at least $18.73M.
Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $37,466 per employee1
Reported PPP Proceed Usage:
On the PPP application, RSQ Foods, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $3,122,160
- Utilities: $195,135
- Rent: $585,405
Business Information - RSQ Foods, LLC in White Plains, NY
7 Renaissance Sq
White Plains, NY 10601
Business Industry:
Full-Service Restaurants
NAICS code 722511
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Male Owned
Veteran Status: Veteran
Business Demographics
Business Age: New Business or 2 years or less
LMI Zone: N
HUBZone: Y
Rural / Urban: Urban
Businesses Using Same Address:
There are 3 other businesses that received a PPP loan registered to the same address as RSQ Foods, LLC.
Albatross Properties Group LLC
Other Activities Related to Real Estate
The Mary Jane Denzer Group LLC
Women's Clothing Stores
Four M Franchising, LLC
Full-Service Restaurants
Similar Companies near White Plains
In the White Plains area, 70 businesses in the "Full-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 48 employees (compared to this company's 500) and received an average PPP loan of $221,663 (compared to this company's $3.9M).
Similar Nearby Businesses Who Received PPP Funding:
VIA Garibaldi, Inc
White Plains, NY
Main Street Gourmet Deli & Grill Inc
White Plains, NY
Urfa Corporation
White Plains, NY
Las Mamis Restaurant Corp
White Plains, NY
RH Restaurant Group Inc
White Plains, NY
Nipu786 Corp
White Plains, NY
Famiglia-Debartolo Operations LLC
White Plains, NY
Lolas Restaurant And Bar Inc
White Plains, NY
Charleys Famous Inc
White Plains, NY
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, 96% lower than RSQ Foods, LLC's reported 500 employees, and received an average PPP loan of $130,215, 97% lower than this company's loan of $3.9M.
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.
Have FederalPay.org's open data tools been valuable? Consider donating!