Continuing this exploration of last year’s PPP windfall, the first round of PPP loans. There was a second round this year, which most of these businesses likely took advantage of as well. But that’s another story.
The “Full-service restaurant” category ranked #1 among all industries in the total amount of PPP loans made in Hawaii.
I decided to combine that with a couple of other restaurant categories to include “limited service restaurants” and also cafeterias, grills, and buffets. That pretty much covers the restaurant category, I think.
This list is very top heavy. A total of $254,960,620 in loans was made to 1,834 businesses in these categories.
There were 33 that received loans of more than $1 million. This group made up just 1.8 percent of all the restaurants that obtained PPP loans.
But that 1.8% of the recipients raked in 26.5% of the total loan value.
The full list of all 1,834 businesses in the various restaurant categories can be found here.
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Do you know how many of these have since gone out of business – restaurants or other businesses?
Which of these are Miske-affiliated?
Why doesn’t Zippys show up on this list? FCH Enterprises. Per other sources via the google machine, they got $2m.