PPP Loan Data — Silver Diner Development, LLC, Rockville, MD
Silver Diner Development, LLC is a limited liability company (LLC) located at 12276 Rockville Pike in Rockville, Maryland that received a Coronavirus-related PPP loan from the SBA of $9,497,700.00 in April, 2020.
$ PPP Loan Information
Silver Diner Development, LLC in Rockville, MD received a Paycheck Protection Loan of $9.5M through EAGLEBANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Silver Diner Development, LLC's total 2019 payroll expenses were approximately $45.59M 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 $91,178 per employee1.
Business Information - Silver Diner Development, LLC in Rockville, MD
12276 Rockville Pike
Rockville, MD 20852
Full-Service Restaurants (NAICS code 722511)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: MD-08
Similar Companies near Rockville
In the Rockville area, 60 businesses in the "Full-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 25 employees (compared to this company's 500) and received an average PPP loan of $265,608 (compared to this company's $9.5M).
Similar Nearby Businesses Who Received PPP Funding:
The Block At Pike & Rose, Inc.
Iron Age Rockville LLC
Roso Restaurant LLC
RAT Pack Of MD LLC
North Bethesda, MD
Myung GA Of MD Inc
Amalfi Ristorante Italiano, Inc.
Emmys Desserts Inc.
Asado Maryland Inc
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 Silver Diner Development, LLC's reported 500 employees, and received an average PPP loan of $116,685, 99% lower than this company's loan of $9.5M.
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, and is published unmodified, as provided by the SBA.
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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