PPP Loan Data — The Angus Barn LTD LLC, Raleigh, NC
The Angus Barn LTD LLC is a limited liability company (LLC) located at 9401 Glenwood Ave in Raleigh, North Carolina that received a Coronavirus-related PPP loan from the SBA of $2,604,300.00 in April, 2020.
$ PPP Loan Information
Lender:FIRST-CITIZENS BANK & TRUST COMPANY
The Angus Barn LTD LLC received a Paycheck Protection Loan of $2.6M through FIRST-CITIZENS BANK & TRUST COMPANY, which was approved in April, 2020.
Based on standard PPP eligibility rules, The Angus Barn LTD LLC's total 2019 payroll expenses were approximately $12.5M in order to qualify for the PPP loan amount received.
Based on their reported 353 jobs retained, this equals an estimated average yearly compensation of $35,413 per employee1.
Business Information - The Angus Barn LTD LLC in Raleigh, NC
9401 Glenwood Ave
Raleigh, NC 27617
Full-Service Restaurants (NAICS code 722511)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: NC-04
Similar Companies near Raleigh
In the Raleigh area, 32 businesses in the "Full-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 28 employees (compared to this company's 353) and received an average PPP loan of $178,624 (compared to this company's $2.6M).
Similar Nearby Businesses Who Received PPP Funding:
LM&Jp Investments LLC
Hibachi 101 Ll
Happy Panda, Inc.
Monapita Mediterranean Grill
DGN Restaurant, Inc
Arepa Culture NC LLP
Showmars Brier Creek, 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, 94% lower than The Angus Barn LTD LLC's reported 353 employees, and received an average PPP loan of $116,685, 96% lower than this company's loan of $2.6M.
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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