PPP Loan Data — TM Restaurant Group, LLC, Alpharetta, GA
TM Restaurant Group, LLC is a limited liability company (LLC) located at 6220 Shiloh Rd in Alpharetta, Georgia that received a Coronavirus-related PPP loan from the SBA of $6,832,000.00 in April, 2020.
$ PPP Loan Information
Lender:TRUIST BANK D/B/A BRANCH BANKING & TRUST CO
TM Restaurant Group, LLC in Alpharetta, GA received a Paycheck Protection Loan of $6.83M through TRUIST BANK D/B/A BRANCH BANKING & TRUST CO, which was approved in April, 2020.
Based on standard PPP eligibility rules, TM Restaurant Group, LLC's total 2019 payroll expenses were approximately $32.79M 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 $65,587 per employee1.
Business Information - TM Restaurant Group, LLC in Alpharetta, GA
6220 Shiloh Rd
Alpharetta, GA 30005
Full-Service Restaurants (NAICS code 722511)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: GA-07
Similar Companies near Alpharetta
In the Alpharetta area, 103 businesses in the "Full-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 29 employees (compared to this company's 500) and received an average PPP loan of $177,439 (compared to this company's $6.83M).
Similar Nearby Businesses Who Received PPP Funding:
Group Triple J Inc.
Articles Of Faith Enterprises LLC
Cartersville Cakes LLC
Loyalty Old Milton
Johns Creek, GA
Carrollton Cakes LLC
YA Mon Jamaican Cuisine 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, 96% lower than TM Restaurant Group, LLC's reported 500 employees, and received an average PPP loan of $116,685, 98% lower than this company's loan of $6.83M.
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Footnotes & Information
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