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PPP Loan Data — The Angus Barn LTD LLC,
Raleigh, NC
The Angus Barn LTD LLC
Entity: Limited Liability Company (LLC)
Industry: Full-Service Restaurants
Location: Raleigh, NC
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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
Loan Size:
Jobs Retained:
353Loan Approved:
2020-04-07Lender:
FIRST-CITIZENS BANK & TRUST COMPANYThe 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
Business Industry
Full-Service Restaurants (NAICS code 722511)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: NC-04Similar 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).
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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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