PPP Loan Data — Wholesome Enterprises LLC, Pittsburgh, PA
Wholesome Enterprises LLC is a limited liability company (LLC) located at 180 Fort Couch Rd Suite 150 in Pittsburgh, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $1,686,600.00 in April, 2020. This business is a Five Guys Burgers and Fries franchise.
The company has reported itself as a Black or african american male owned business, and employed at least 500 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Wholesome Enterprises LLC in Pittsburgh, PA received a Paycheck Protection Loan of $1.69M through Orrstown Bank, which was approved in April, 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, Wholesome Enterprises LLC's 2019 payroll expenses are estimated to be at least $8.1M.
Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $16,191 per employee1
Reported PPP Proceed Usage:
On the PPP application, Wholesome Enterprises LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,686,600
Business Information - Wholesome Enterprises LLC in Pittsburgh, PA
180 Fort Couch Rd Suite 150
Pittsburgh, PA 15241
NAICS code 722511
Business Owner Demographics
Race: Black or African American
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Pittsburgh
In the Pittsburgh area, 23 businesses in the "Full-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 51 employees (compared to this company's 500) and received an average PPP loan of $227,088 (compared to this company's $1.69M).
Similar Nearby Businesses Who Received PPP Funding:
LTT Restaurant Inc
Wexford Food Associates
Nickolas Family Pizza
El Paso Mexican Grill Bethel Park LLC
Wholesome International LLC
WBB Holdings LLC
Treats And Beans LLC
Wild Rosemary, Inc
Industry PPP Comparison Statistics
Nationwide, 328,914 businesses in the "Full-Service Restaurants" industry received a total of $42.6B in PPP loans. These businesses account for 3% of total PPP applications submitted, and received 5% of the total PPP funding allocated.
PPP recipients in this industry report an average of 22 employees, 96% lower than Wholesome Enterprises LLC's reported 500 employees, and received an average PPP loan of $129,504, 92% lower than this company's loan of $1.69M.
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Footnotes & Information
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