PPP Loan Data — Turbo Restaurants, LLC, Dallas, TX
Turbo Restaurants, LLC is a limited liability company (LLC) located at 4515 Lyndon B. Johnson in Dallas, Texas that received a Coronavirus-related PPP loan from the SBA of $4,262,240.00 in April, 2020.
$ PPP Loan Information
Turbo Restaurants, LLC received a Paycheck Protection Loan of $4.26M through SIMMONS BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Turbo Restaurants, LLC's total 2019 payroll expenses were approximately $20.46M 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 $40,918 per employee1.
Business Information - Turbo Restaurants, LLC in Dallas, TX
4515 Lyndon B. Johnson
Dallas, TX 75244
Limited-Service Restaurants (NAICS code 722513)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: TX-24
Similar Companies near Dallas
In the Dallas area, 48 businesses in the "Limited-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 100 employees (compared to this company's 500) and received an average PPP loan of $961,307 (compared to this company's $4.26M).
Similar Nearby Businesses Who Received PPP Funding:
Jeongkang Investment LLC
Dante's Italian Eatery
Cmrg Dun 1 LLC
Cmrg Mock LLC
Selim's Doener Kebap House LP
Cmrg-Lc Investments LP
CTC Lamar, LLC
Farmers Branch, TX
Mucho Pizza Texas, LLC
Industry PPP Comparison Statistics
Nationwide, 79,996 businesses in the "Limited-Service Restaurants" industry received a total of $9,671,819,152.00 in PPP loans. These businesses account for 2% of total PPP applications submitted, and received 2% of the total PPP funding allocated.
PPP recipients in this industry report an average of 23 employees, 95% lower than Turbo Restaurants, LLC's reported 500 employees, and received an average PPP loan of $120,904, 97% lower than this company's loan of $4.26M.
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Footnotes & Information
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