PPP Loan Data — T & S Food Services II LLC, Mauldin, SC
T & S Food Services II LLC is a limited liability company (LLC) located at 201b W Butler Rd Pmb 1101 in Mauldin, South Carolina that received a Coronavirus-related PPP loan from the SBA of $1,893,518.00 in January, 2021. This business is a Denny's franchise.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:City National Bank of Florida
T & S Food Services II LLC in Mauldin, SC received a Paycheck Protection Loan of $1.89M through City National Bank of Florida, which was approved in January, 2021.
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, T & S Food Services II LLC's 2019 payroll expenses are estimated to be at least $9.09M.
Based on their reported 190 jobs retained, this equals an estimated average yearly compensation of $47,836 per employee1
Reported PPP Proceed Usage:
On the PPP application, T & S Food Services II LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,893,514
- Utilities: $1
Business Information - T & S Food Services II LLC in Mauldin, SC
201b W Butler Rd Pmb 1101
Mauldin, SC 29662
NAICS code 722511
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Mauldin
In the Mauldin area, 13 businesses in the "Full-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 56 employees (compared to this company's 190) and received an average PPP loan of $252,989 (compared to this company's $1.89M).
Similar Nearby Businesses Who Received PPP Funding:
Low Country Shrimper LLC
Dino's Family Restaurant, LLC
Moretti's Pizza LLC
El Carriel LLC
T & S Foodservices II, LLC
Dabaibeh Of Mauldin
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, 88% lower than T & S Food Services II LLC's reported 190 employees, and received an average PPP loan of $129,504, 93% lower than this company's loan of $1.89M.
FederalPay's PPP Information Policy
Footnotes & Information
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