PPP Loan Data — Texas Restaurant Group, Inc., Austin, TX
Texas Restaurant Group, Inc. is a subchapter s corporation located at 1717 W 6th St in Austin, Texas that received a Coronavirus-related PPP loan from the SBA of $3,047,100.00 in April, 2020.
$ PPP Loan Information
Texas Restaurant Group, Inc. received a Paycheck Protection Loan of $3.05M through FROST BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Texas Restaurant Group, Inc.'s total 2019 payroll expenses were approximately $14.63M 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 $29,252 per employee1.
Business Information - Texas Restaurant Group, Inc. in Austin, TX
1717 W 6th St
Austin, TX 78703
Limited-Service Restaurants (NAICS code 722513)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: TX-21
Similar Companies near Austin
In the Austin area, 38 businesses in the "Limited-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 43 employees (compared to this company's 500) and received an average PPP loan of $499,195 (compared to this company's $3.05M).
Similar Nearby Businesses Who Received PPP Funding:
Hopdoddy Burger Bar, Inc.
Pinthouse Pizza Lamar LLC
Rockstar Bagels Inc.
DO-Rite Barbeque, LLC
Ovitt Coffee Company, LLC
Taco Crew Management LLC
Murphy Adams Restaurant Group, Inc.
KRS Enterprises, Inc.
Industry PPP Comparison Statistics
Nationwide, 79,996 businesses in the "Limited-Service Restaurants" industry received a total of $9,671,819,152.00 in PPP loans. These businesses account for 2% of total PPP applications submitted, and received 2% of the total PPP funding allocated.
PPP recipients in this industry report an average of 23 employees, 95% lower than Texas Restaurant Group, Inc.'s reported 500 employees, and received an average PPP loan of $120,904, 96% lower than this company's loan of $3.05M.
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