PPP Loan Data — SDS Restaurant Group, LLC, Greenville, NC
SDS Restaurant Group, LLC is a limited liability company (LLC) located at 3280 Charles Blvd in Greenville, North Carolina that received a Coronavirus-related PPP loan from the SBA of $3,876,200.00 in April, 2020.
$ PPP Loan Information
Lender:TRUIST BANK D/B/A BRANCH BANKING & TRUST CO
SDS Restaurant Group, LLC received a Paycheck Protection Loan of $3.88M through TRUIST BANK D/B/A BRANCH BANKING & TRUST CO, which was approved in April, 2020.
Based on standard PPP eligibility rules, SDS Restaurant Group, LLC's total 2019 payroll expenses were approximately $18.61M in order to qualify for the PPP loan amount received.
Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $37,212 per employee1.
Business Information - SDS Restaurant Group, LLC in Greenville, NC
3280 Charles Blvd
Greenville, NC 27858
Limited-Service Restaurants (NAICS code 722513)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: NC-03
Similar Companies near Greenville
In the Greenville area, 24 businesses in the "Limited-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 39 employees (compared to this company's 500) and received an average PPP loan of $237,968 (compared to this company's $3.88M).
Similar Nearby Businesses Who Received PPP Funding:
RB Road Inc
Molly's Community Cafe LLC
Greenville Subway Group Inc
Ggjb Investments, LLC
Eastern NC Pizza, Inc
King Franchises Inc
Industry PPP Comparison Statistics
Nationwide, 79,996 businesses in the "Limited-Service Restaurants" industry received a total of $9,671,819,152.00 in PPP loans. These businesses account for 2% of total PPP applications submitted, and received 2% of the total PPP funding allocated.
PPP recipients in this industry report an average of 23 employees, 95% lower than SDS Restaurant Group, LLC's reported 500 employees, and received an average PPP loan of $120,904, 97% lower than this company's loan of $3.88M.
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