PPP Loan Data — Sandy Springs Egg Harbor Cafe, LLC, Atlanta, GA
Sandy Springs Egg Harbor Cafe, LLC is a limited liability company (LLC) located at 5920 Roswell Rd in Atlanta, Georgia that received a Coronavirus-related PPP loan from the SBA of $225,500.00 in April, 2020.
$ PPP Loan Information
Lender:BARRINGTON BANK & TRUST COMPANY, NATIONAL ASSOCIATION
Sandy Springs Egg Harbor Cafe, LLC received a Paycheck Protection Loan of $225,500 through BARRINGTON BANK & TRUST COMPANY, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Sandy Springs Egg Harbor Cafe, LLC's total 2019 payroll expenses were approximately $1.08M in order to qualify for the PPP loan amount received.
Based on their reported 50 jobs retained, this equals an estimated average yearly compensation of $21,648 per employee1.
Business Information - Sandy Springs Egg Harbor Cafe, LLC in Atlanta, GA
5920 Roswell Rd
Atlanta, GA 30328
Full-Service Restaurants (NAICS code 722511)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: GA-06
Similar Companies near Atlanta
In the Atlanta area, 77 businesses in the "Full-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 51 employees (compared to this company's 50) and received an average PPP loan of $466,131 (compared to this company's $225,500).
Similar Nearby Businesses Who Received PPP Funding:
Cafe Restaurants Sandy Springs, Inc.
V-Man Holdings Inc
Shiraz Restaurants LLC
Tanaka Emory LLC
Tasty Cafe LLC
Sandy Springs, GA
Milton Restaurant Managers
Sandy Springs, GA
Aldos Restaurant Inc
Sandy Springs, GA
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, 60% lower than Sandy Springs Egg Harbor Cafe, LLC's reported 50 employees, and received an average PPP loan of $116,685, 48% lower than this company's loan of $225,500.
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. 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.
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