PPP Loan Data — SA Food Service LLC, Tacoma, WA
SA Food Service LLC is a limited liability company (LLC) located at 5005 Pacific Highway East Suite 14 in Tacoma, Washington that received a Coronavirus-related PPP loan from the SBA of $2,309,787.00 in April, 2020. This business is a Arby's franchise.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:The Huntington National Bank
SA Food Service LLC in Tacoma, WA received a Paycheck Protection Loan of $2.31M through The Huntington National Bank, which was approved in April, 2020.
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, SA Food Service LLC's 2019 payroll expenses are estimated to be at least $11.09M.
Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $22,174 per employee1
Reported PPP Proceed Usage:
On the PPP application, SA Food Service LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,309,787
Business Information - SA Food Service LLC in Tacoma, WA
5005 Pacific Highway East Suite 14
Tacoma, WA 98424
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 Tacoma
In the Tacoma area, 13 businesses in the "Limited-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 47 employees (compared to this company's 500) and received an average PPP loan of $543,108 (compared to this company's $2.31M).
Similar Nearby Businesses Who Received PPP Funding:
Royal Punjab Management Group 5 Inc
American Food USA Inc
Warthog BBQ Pit Inc
Lizzie Lous Too
AJP Enterprises, LLC
Rubicon Subs Inc
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, 96% lower than SA Food Service LLC's reported 500 employees, and received an average PPP loan of $100,980, 96% lower than this company's loan of $2.31M.
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Footnotes & Information
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