PPP Loan Data — Shelton Restaurant Group LLC, Alexandria, LA
Shelton Restaurant Group LLC is a limited liability company (LLC) located at 1439 Center Court Suite 600 in Alexandria, Louisiana that received a Coronavirus-related PPP loan from the SBA of $4,746,176.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least 500 people during the applicable loan loan period.
$ PPP Loan Information
Lender:THE EVANGELINE BANK & TRUST COMPANY
Shelton Restaurant Group LLC received a Paycheck Protection Loan of $4.75M through THE EVANGELINE BANK & TRUST COMPANY, which was approved in April, 2020.
Based on standard PPP eligibility rules, Shelton Restaurant Group LLC's total 2019 payroll expenses were approximately $22.78M 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 $45,563 per employee1.
Business Information - Shelton Restaurant Group LLC in Alexandria, LA
1439 Center Court Suite 600
Alexandria, LA 71315
Full-Service Restaurants (NAICS code 722511)
Business Owner Demographics
Race / Ethnicity: WHITE
Gender: MALE OWNED
Veteran Status: UnreportedCongressional District: LA-05
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, 96% lower than Shelton Restaurant Group LLC's reported 500 employees, and received an average PPP loan of $116,685, 98% lower than this company's loan of $4.75M.
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Footnotes & Information
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