PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — The Angry Korean, South Jordan, UT

ALERT: There are 2 PPP loans for a total of $60,793 in our database for businesses with the name "The Angry Korean" in South Jordan, UT. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for The Angry Korean
UT

The Angry Korean

Entity: Limited Liability Company (LLC)

Industry: All Other Traveler Accommodation

Location: South Jordan, UT

Search All PPP Data

The Angry Korean is a limited liability company (LLC) located at 11587 South District Maine Dr. in South Jordan, Utah that received a Coronavirus-related PPP loan from the SBA of $35,462.00 in March, 2021.

The company has reported itself as an Asian male owned business, and employed at least nine people during the applicable loan loan period.

$ PPP Loan Information
Loan #4656948601

Loan Size:

$35,462

Jobs Retained:

9

Loan Approved:

2021-03-18

Loan Status:

Ongoing Loan

Lender:

Cross River Bank

The Angry Korean in South Jordan, UT received a Paycheck Protection Loan of $35,462 through Cross River Bank, which was approved in March, 2021.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, The Angry Korean's 2019 payroll expenses are estimated to be at least $170,218.

Based on their reported 9 jobs retained, this equals an estimated average yearly compensation of $18,913 per employee1

Reported PPP Proceed Usage:

On the PPP application, The Angry Korean reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $35,460
  • Utilities: $1

Business Information - The Angry Korean in South Jordan, UT

The Angry Korean
11587 South District Maine Dr.
South Jordan, UT 84095

Business Industry:
All Other Traveler Accommodation
NAICS code 721199

Business Owner Demographics

Race: Asian

Ethnicity: Not Hispanic or Latino

Gender: Male Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: Y

Rural / Urban: Urban

Salt Lake County, UT — SBA Office 0883 — Congressional District: UT-04

Similar Companies near South Jordan

In the South Jordan area, 5 businesses in the "All Other Traveler Accommodation" industry received a PPP loan. These local businesses reported an average of 5 employees (compared to this company's 9) and received an average PPP loan of $48,251 (compared to this company's $35,462).

Industry PPP Comparison Statistics

Nationwide, 30,922 businesses in the "All Other Traveler Accommodation" industry received a total of $1.29B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.

PPP recipients in this industry report an average of 6 employees, 33% lower than The Angry Korean's reported 9 employees, and received an average PPP loan of $41,836, 18% higher than this company's loan of $35,462.

SBA PPP loan data, payroll data, and salaries for The Angry Korean
UT

The Angry Korean

Entity: Limited Liability Company (LLC)

Industry: All Other Traveler Accommodation

Location: South Jordan, UT

Search All PPP Data

The Angry Korean is a limited liability company (LLC) located at 11587 South District Maine Dr. 300 in South Jordan, Utah that received a Coronavirus-related PPP loan from the SBA of $25,331.00 in May, 2020.

The company has reported itself as an Asian male owned business, and employed at least six people during the applicable loan loan period.

$ PPP Loan Information
Loan #9476987405

Loan Size:

$25,331

Jobs Retained:

6

Loan Approved:

2020-05-20

Loan Status:

Ongoing Loan

Lender:

Cross River Bank

The Angry Korean in South Jordan, UT received a Paycheck Protection Loan of $25,331 through Cross River Bank, which was approved in May, 2020.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, The Angry Korean's 2019 payroll expenses are estimated to be at least $121,589.

Based on their reported 6 jobs retained, this equals an estimated average yearly compensation of $20,265 per employee1

Reported PPP Proceed Usage:

On the PPP application, The Angry Korean reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $25,331

Business Information - The Angry Korean in South Jordan, UT

The Angry Korean
11587 South District Maine Dr. 300
South Jordan, UT 84095

Business Industry:
All Other Traveler Accommodation
NAICS code 721199

Business Owner Demographics

Race: Asian

Ethnicity: Not Hispanic or Latino

Gender: Male Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age:

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Salt Lake County, UT — SBA Office 0883 — Congressional District: UT-04

Similar Companies near South Jordan

In the South Jordan area, 5 businesses in the "All Other Traveler Accommodation" industry received a PPP loan. These local businesses reported an average of 5 employees (compared to this company's 6) and received an average PPP loan of $48,251 (compared to this company's $25,331).

Industry PPP Comparison Statistics

Nationwide, 30,922 businesses in the "All Other Traveler Accommodation" industry received a total of $1.29B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.

PPP recipients in this industry report an average of 6 employees, the same amount reported by The Angry Korean and received an average PPP loan of $41,836, 65% higher than this company's loan of $25,331.

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. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Estimations for informational purposes only. 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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/the-angry-korean-south-jordan-ut