PPP Loan Data — Southern Foodservice Management, Inc., Mountain Brk, AL
Southern Foodservice Management, Inc. is a corporation located at 431 Office Park Dr in Mountain Brk, Alabama that received a Coronavirus-related PPP loan from the SBA of $7,265,205.00 in April, 2020.
$ PPP Loan Information
Southern Foodservice Management, Inc. in Mountain Brk, AL received a Paycheck Protection Loan of $7.27M through BBVA USA, which was approved in April, 2020.
Based on standard PPP eligibility rules, Southern Foodservice Management, Inc.'s total 2019 payroll expenses were approximately $34.87M 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 $69,746 per employee1.
Business Information - Southern Foodservice Management, Inc. in Mountain Brk, AL
431 Office Park Dr
Mountain Brk, AL 35223
Full-Service Restaurants (NAICS code 722511)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: AL-06
Similar Companies near Mountain Brk
In the Mountain Brk area, 31 businesses in the "Full-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 38 employees (compared to this company's 500) and received an average PPP loan of $347,742 (compared to this company's $7.27M).
Similar Nearby Businesses Who Received PPP Funding:
CH Avondale, LLC
Carlile's BBQ, LLC
Taco Mama Florence LLC
Mountain Brk, AL
SOL Y Luna Group II LLC
Davenport's Pizza Palace, Inc.
Wilco Hospitality LLC
Taco Mama Edgewood LLC
Mountain Brk, AL
Little Savannah 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 Southern Foodservice Management, Inc.'s reported 500 employees, and received an average PPP loan of $116,685, 98% lower than this company's loan of $7.27M.
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