PPP Loan Data — The Sportsman Restaurant Group, Irving, NY
The Sportsman Restaurant Group is a limited liability company (LLC) located at 12872 Allegany Rd in Irving, New York that received a Coronavirus-related PPP loan from the SBA of $24,928.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Inner Lakes FCU
The Sportsman Restaurant Group in Irving, NY received a Paycheck Protection Loan of $24,928 through Inner Lakes FCU, which was approved in May, 2020.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
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 Sportsman Restaurant Group's 2019 payroll expenses are estimated to be at least $119,654.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $39,885 per employee1
Reported PPP Proceed Usage:
On the PPP application, The Sportsman Restaurant Group reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $19,942
- Utilities: $4,986
Business Information - The Sportsman Restaurant Group in Irving, NY
12872 Allegany Rd
Irving, NY 14081
NAICS code 722513
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Irving
In the Irving area, 5 businesses in the "Limited-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 13 employees (compared to this company's 3) and received an average PPP loan of $43,451 (compared to this company's $24,928).
Similar Nearby Businesses Who Received PPP Funding:
Villaggio Italiano LLC
Sweet Creations Chocolates
Sunset Grill Inc
Industry PPP Comparison Statistics
Nationwide, 137,629 businesses in the "Limited-Service Restaurants" industry received a total of $13.9B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 2% of the total PPP funding allocated.
PPP recipients in this industry report an average of 21 employees, 600% higher than The Sportsman Restaurant Group's reported 3 employees, and received an average PPP loan of $100,980, 305% higher than this company's loan of $24,928.
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Footnotes & Information
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