PPP Loan Data — Teds Montana Grill Inc, Atlanta, GA
Teds Montana Grill Inc is a subchapter s corporation located at 133 Luckie Street in Atlanta, Georgia that received a Coronavirus-related PPP loan from the SBA of $10,000,000.00 in April, 2020.
$ PPP Loan Information
Lender:JPMORGAN CHASE BANK, NATIONAL ASSOCIATION
Teds Montana Grill Inc received a Paycheck Protection Loan of $10M through JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Teds Montana Grill Inc'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 - Teds Montana Grill Inc in Atlanta, GA
133 Luckie Street
Atlanta, GA 30303
Full-Service Restaurants (NAICS code 722511)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: GA-05
Similar Companies near Atlanta
In the Atlanta area, 40 businesses in the "Full-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 42 employees (compared to this company's 500) and received an average PPP loan of $442,276 (compared to this company's $10M).
Similar Nearby Businesses Who Received PPP Funding:
Big Dave's Cheesesteaks LLC
MNS Enterprise Inc
Morelos Tortilla Company
Fifth Group Restaurants, LLC
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 Teds Montana Grill Inc's reported 500 employees, and received an average PPP loan of $116,685, 99% lower than this company's loan of $10M.
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Footnotes & Information
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