PPP Loan Data — RTB Subway Central LTD LLC, Loveland, CO
RTB Subway Central LTD LLC is a limited liability company (LLC) located at 1769 Rocky Mountain Ave in Loveland, Colorado that received a Coronavirus-related PPP loan from the SBA of $25,109.00 in January, 2021. This business is a Subway franchise.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:First Interstate Bank
RTB Subway Central LTD LLC in Loveland, CO received a Paycheck Protection Loan of $25,109 through First Interstate Bank, which was approved in January, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
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, RTB Subway Central LTD LLC's 2019 payroll expenses are estimated to be at least $120,523.
Based on their reported 150 jobs retained, this equals an estimated average yearly compensation of $803 per employee1
Reported PPP Proceed Usage:
On the PPP application, RTB Subway Central LTD LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,104
- Utilities: $1
Business Information - RTB Subway Central LTD LLC in Loveland, CO
1769 Rocky Mountain Ave
Loveland, CO 80538
NAICS code 722513
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Loveland
In the Loveland area, 57 businesses in the "Limited-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 65 employees (compared to this company's 150) and received an average PPP loan of $77,379 (compared to this company's $25,109).
Similar Nearby Businesses Who Received PPP Funding:
Quality Java LLC
Hansen Sub Loveland
RTB 8Th Ave LLC
RTB 29Th Street LLC
RTB Weslake LLC
RTB Westmoor Commons LLC
Parka Management LLC
RTB Denver Ave LLC
Industry PPP Comparison Statistics
Nationwide, 137,629 businesses in the "Limited-Service Restaurants" industry received a total of $13.9B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 2% of the total PPP funding allocated.
PPP recipients in this industry report an average of 21 employees, 86% lower than RTB Subway Central LTD LLC's reported 150 employees, and received an average PPP loan of $100,980, 302% higher than this company's loan of $25,109.
FederalPay's PPP Information Policy
Footnotes & Information
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