PPP Loan Data — Yens Chinese Restaurant Inc, Tigard, OR
Yens Chinese Restaurant Inc is a corporation located at 12265 Sw Main Street in Tigard, Oregon that received a Coronavirus-related PPP loan from the SBA of $24,132.00 in April, 2020.
$ PPP Loan Information
Jobs Retained:0 Unreported
Lender:WELLS FARGO BANK, NATIONAL ASSOCIATION
Yens Chinese Restaurant Inc received a Paycheck Protection Loan of $24,132 through WELLS FARGO BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
2019 Payroll Estimations based On PPP Amount:
Assuming all employees were paid over the $100k eligibility cap, the minimum number of employees this company must have had in 2019 to qualify for the loan range received is 0.
Based on standard PPP eligibility rules, Yens Chinese Restaurant Inc's total 2019 payroll expenses were approximately $115,834 in order to qualify for the PPP loan amount received.
Unlike most businesses, Yens Chinese Restaurant Inc's PPP data does not report the number of jobs retained by their receipt of the Paycheck Protection Loan (some banks did not release this infomation from their loan applications). Without this data, per-employee payrolls for this company cannot be estimated.
Business Information - Yens Chinese Restaurant Inc in Tigard, OR
12265 Sw Main Street
Tigard, OR 97223
Full-Service Restaurants (NAICS code 722511)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: OR-01
Similar Companies near Tigard
In the Tigard area, 59 businesses in the "Full-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 26 employees (compared to this company's 0) and received an average PPP loan of $191,394 (compared to this company's $24,132).
Similar Nearby Businesses Who Received PPP Funding:
J&N Food Service LLC
Sanchez Taqueria Corp
Bannings Restaurant & Pie House, Inc
Gramma's Corner Kitchen Corp
Breakside Breweries And Beer Halls Inc.
Eight Ball Break, Inc.
Triple S Enterprises, Inc.
KOI Fusion 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, and received an average PPP loan of $116,685, 384% higher than this company's loan of $24,132.
FederalPay's PPP Information Policy
Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan.
All information displayed on this page is publicly available information under PPP loan guidelines, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.
Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.
Footnotes & Information
1. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.
2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.
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