KY

Wendy's Of Bowling Green, Inc.

Entity: Subchapter S Corporation

Industry: Limited-Service Restaurants

Location: Bowling Green, KY

Tweet This • Search All PPP Data

Wendy's Of Bowling Green, Inc. is a subchapter s corporation located at 2501 Crossing Blvd. in Bowling Green, Kentucky that received a Coronavirus-related PPP loan from the SBA of $10,000,000.00 in April, 2020.

The company has reported itself as a White male owned business, and employed at least 500 people during the applicable loan loan period.

$ PPP Loan Information

Wendy's Of Bowling Green, Inc. in Bowling Green, KY received a Paycheck Protection Loan of $10M through LAKE FOREST BANK & TRUST COMPANY, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, Wendy's Of Bowling Green, Inc.'s total 2019 payroll expenses were approximately $48M 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 $96,000 per employee¹.

Business Information - Wendy's Of Bowling Green, Inc. in Bowling Green, KY

Similar Companies near Bowling Green

In the Bowling Green area, 16 businesses in the "Limited-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 72 employees (compared to this company's 500) and received an average PPP loan of $768,040 (compared to this company's $10M).

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 Wendy's Of Bowling Green, Inc.'s reported 500 employees, and received an average PPP loan of $120,904, 99% lower than this company's loan of $10M.