PPP Loan Data — Sixth Avenue Restaurant Management LLC, Denver, CO
Sixth Avenue Restaurant Management LLC is a limited liability company (LLC) located at 1050 17th Street Suite 1850 0.0 in Denver, Colorado that received a Coronavirus-related PPP loan from the SBA of $2,201,320.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:JPMorgan Chase Bank, National Association
Sixth Avenue Restaurant Management LLC in Denver, CO received a Paycheck Protection Loan of $2.2M through JPMorgan Chase Bank, National Association, which was approved in April, 2020.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Sixth Avenue Restaurant Management LLC's 2019 payroll expenses are estimated to be at least $10.57M.
Based on their reported 226 jobs retained, this equals an estimated average yearly compensation of $46,754 per employee1
Reported PPP Proceed Usage:
On the PPP application, Sixth Avenue Restaurant Management LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,663,478
- Rent: $500,000
- Health Care: $37,842
Business Information - Sixth Avenue Restaurant Management LLC in Denver, CO
1050 17th Street Suite 1850 0.0
Denver, CO 80265
NAICS code 722511
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 328,914 businesses in the "Full-Service Restaurants" industry received a total of $42.6B in PPP loans. These businesses account for 3% of total PPP applications submitted, and received 5% of the total PPP funding allocated.
PPP recipients in this industry report an average of 22 employees, 90% lower than Sixth Avenue Restaurant Management LLC's reported 226 employees, and received an average PPP loan of $129,504, 94% lower than this company's loan of $2.2M.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!