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PPP Loan Data — Studio Movie Grill Holdings, LLC,
Dallas, TX
Studio Movie Grill Holdings, LLC
Entity: Corporation
Industry: Motion Picture Theaters (except Drive-Ins)
Location: Dallas, TX
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Studio Movie Grill Holdings, LLC is a corporation located at 12404 Park Central Drsuite 400n in Dallas, Texas that received a Coronavirus-related PPP loan from the SBA of $10,000,000.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
500Loan Approved:
2020-04-14Lender:
REGIONS BANKStudio Movie Grill Holdings, LLC received a Paycheck Protection Loan of $10M through REGIONS BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Studio Movie Grill Holdings, LLC's total 2019 payroll expenses were approximately $48M 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 $96,000 per employee1.
Business Information - Studio Movie Grill Holdings, LLC in Dallas, TX
12404 Park Central Drsuite 400n
Dallas, TX 75251
Business Industry
Motion Picture Theaters (except Drive-Ins) (NAICS code 512131)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: TX-32Similar Companies near Dallas
In the Dallas area, 4 businesses in the "Motion Picture Theaters (except Drive-Ins)" industry received a PPP loan. These local businesses reported an average of 359 employees (compared to this company's 500) and received an average PPP loan of $3,054,905 (compared to this company's $10M).
Similar Nearby Businesses Who Received PPP Funding:
Sulphur Springs Theatre, LLC
Dallas, TX
Showbiz Cinemas LLC
Dallas, TX
Gibsonton Theater, LLC
Dallas, TX
Industry PPP Comparison Statistics
Nationwide, 1,375 businesses in the "Motion Picture Theaters (except Drive-Ins)" industry received a total of $148,745,050.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 24 employees, 95% lower than Studio Movie Grill Holdings, LLC's reported 500 employees, and received an average PPP loan of $108,178, 99% lower than this company's loan of $10M.
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.
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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