PPP Loan Data — Sichuan King's Restaurant Inc, Richardson, TX
Sichuan King's Restaurant Inc is a limited liability company (LLC) located at 400 N. Greenville Avenue #17 in Richardson, Texas that received a Coronavirus-related PPP loan from the SBA of $36,532.00 in April, 2020.
The company has reported itself as an Asian male owned business, and employed at least nine people during the applicable loan loan period.
$ PPP Loan Information
Lender:GOLDEN BANK, NATIONAL ASSOCIATION
Sichuan King's Restaurant Inc received a Paycheck Protection Loan of $36,532 through GOLDEN BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
2019 Payroll Estimations based On PPP Amount:
Assuming all employees were paid over the $100k eligibility cap, the minimum number of employees this company must have had in 2019 to qualify for the loan range received is 0.
Based on standard PPP eligibility rules, Sichuan King's Restaurant Inc's total 2019 payroll expenses were approximately $175,354 in order to qualify for the PPP loan amount received.
Based on their reported 9 jobs retained, this equals an estimated average yearly compensation of $19,484 per employee1.
Business Information - Sichuan King's Restaurant Inc in Richardson, TX
400 N. Greenville Avenue #17
Richardson, TX 75081
Full-Service Restaurants (NAICS code 722511)
Business Owner Demographics
Race / Ethnicity: ASIAN
Gender: MALE OWNED
Veteran Status: UnreportedCongressional District: TX-32
Similar Companies near Richardson
In the Richardson area, 115 businesses in the "Full-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 36 employees (compared to this company's 9) and received an average PPP loan of $335,277 (compared to this company's $36,532).
Similar Nearby Businesses Who Received PPP Funding:
Amigos Comida Casera, Inc.
Tavern On Main Street, LLC
SS & Bb Plano Restaurant, Inc.
Tacosymas Richardson LLC
Sichuan Wang's Restaurant Inc
Northside Drafthouse & Eatery LLC
Kulwinder Dhaliwal, Kulwinder Singh & Parmjit Dhillion
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, 122% higher than Sichuan King's Restaurant Inc's reported 9 employees, and received an average PPP loan of $116,685, 219% higher than this company's loan of $36,532.
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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