PPP Loan Data — Watson Management Inc, Layton, UT
Watson Management Inc is a subchapter s corporation located at 1086 East Highway 193 in Layton, Utah that received a Coronavirus-related PPP loan from the SBA of $3,261,800.00 in April, 2020.
$ PPP Loan Information
Lender:ZIONS BANK, A DIVISION OF
Watson Management Inc in Layton, UT received a Paycheck Protection Loan of $3.26M through ZIONS BANK, A DIVISION OF, which was approved in April, 2020.
Based on standard PPP eligibility rules, Watson Management Inc's total 2019 payroll expenses were approximately $15.66M 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 $31,313 per employee1.
Business Information - Watson Management Inc in Layton, UT
1086 East Highway 193
Layton, UT 84040
Limited-Service Restaurants (NAICS code 722513)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: UT-01
Similar Companies near Layton
In the Layton area, 16 businesses in the "Limited-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 52 employees (compared to this company's 500) and received an average PPP loan of $277,424 (compared to this company's $3.26M).
Similar Nearby Businesses Who Received PPP Funding:
Crown Burgers Layton Inc
C&B Maddox Famous Chicken
JDK Enterprises Of Idaho, Inc.
Fuji Dragon Ogden, Inc
El Parrilla No1 LLC
Little Orient Restaurant
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 Watson Management Inc's reported 500 employees, and received an average PPP loan of $120,904, 96% lower than this company's loan of $3.26M.
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