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PPP Loan Data — Sizzling Platter, LLC, Salt Lake City, UT

SBA PPP loan data, payroll data, and salaries for Sizzling Platter, LLC



Sizzling Platter, LLC

Entity: Limited Liability Company (LLC)

Industry: Limited-Service Restaurants

Franchise: Sizzler

Location: Salt Lake City, UT

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Sizzling Platter, LLC is a limited liability company (LLC) located at 348 E Winchester St in Salt Lake City, Utah that received a Coronavirus-related PPP loan from the SBA of $6,033,400.00 in April, 2020. This business is a Sizzler franchise.

$ PPP Loan Information
Loan #9588707004

Loan Size:


Jobs Retained:


Loan Approved:


Loan Status:

Ongoing Loan


First Savings Bank

Sizzling Platter, LLC in Salt Lake City, UT received a Paycheck Protection Loan of $6.03M through First Savings Bank, which was approved in April, 2020.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, Sizzling Platter, LLC's 2019 payroll expenses are estimated to be at least $28.96M.

Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $57,921 per employee1

Reported PPP Proceed Usage:

On the PPP application, Sizzling Platter, LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $4,551,225
  • Utilities: $571,930
  • Rent: $910,245
Because the loan received by Sizzling Platter, LLC is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Sizzling Platter, LLC in Salt Lake City, UT

Sizzling Platter, LLC
348 E Winchester St
Salt Lake City, UT 84107

Business Industry:
Limited-Service Restaurants
NAICS code 722513

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Salt Lake County, UT — SBA Office 0883 — Congressional District: UT-04

Businesses Using Same Address:

There are 3 other businesses that received a PPP loan registered to the same address as Sizzling Platter, LLC.

Sizzling Donuts, LLC
Limited-Service Restaurants

$2.06M PPP Loan

Sizzling Wings, LLC
Limited-Service Restaurants

$2.84M PPP Loan

Sizzling Caesars, LLC
Limited-Service Restaurants

$10M PPP Loan

Similar Companies near Salt Lake City

In the Salt Lake City area, 41 businesses in the "Limited-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 73 employees (compared to this company's 500) and received an average PPP loan of $614,655 (compared to this company's $6.03M).

Industry PPP Comparison Statistics

Nationwide, 136,560 businesses in the "Limited-Service Restaurants" industry received a total of $13.87B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 2% of the total PPP funding allocated.

PPP recipients in this industry report an average of 21 employees, 96% lower than Sizzling Platter, LLC's reported 500 employees, and received an average PPP loan of $101,544, 98% lower than this company's loan of $6.03M.

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.

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Footnotes & Information

1. Estimations for informational purposes only. 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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