This loan was approved on
and has been fully disbursed.
Grill Concepts Inc
6171 W Century Blvd Ste 360
Los Angeles, CA 90045-5300
Grill Concepts Inc
Subchapter S Corporation
6171 W Century Blvd Ste 360 Los Angeles, CA 90045-5300
Grill Concepts Inc is a full-service restaurant chain based in Los Angeles, CA. Founded in 1995, the company has grown to become one of the leading food service providers in Southern California, with over 500 employees and over 20 locations throughout the greater Los Angeles area.At Grill Concepts Inc, they strive to provide an exceptional dining experience for their customers through a unique blend of traditional American fare with contemporary twists. Their menu features an array of fresh salads and sandwiches featuring premium ingredients and flavorful sauces as well as hand-crafted burgers and signature entrees such as their signature ribs or chimichurri steak plate. In addition to offering its own selection of craft beers and wines, Grill Concepts Inc also offers catering services for large groups or special events. Grill Concepts Inc prides itself on using only the finest ingredients from local suppliers while also making sure that its restaurants are always clean and comfortable environments that allow guests to enjoy their meal without any worries or distractions. The chain's loyal customers have come to appreciate this attention to detail which has allowed them to become one of LAs most beloved destinations for casual diners looking for both tasty meals at great prices along with friendly service each time they visit one of Grill Concept’s locations.
During round 1 of the paycheck protection program, Grill Concepts Inc requested a PPP loan for $10,000,000.00. They were approved on 4/14/2020 by the SBA for an amount of $10,000,000.00. The loan was facillitated by Bank Of America, National Association. Of the approved amount, Grill Concepts Inc has received 100% of the approved amount.
The Small Business Administration (SBA) is not collecting on loans that should be paid back, citing "equity" as the reason.
The SBA's Inspector General says this will set a precedent that will encourage fraud.
A Washington State man was sentenced today to two years in prison for perpetrating a scheme to fraudulently obtain COVID-19 disaster relief loans guaranteed by the Small Business Administration (SBA) through the Economic Injury Disaster Loan (EIDL) and the Paycheck Protection Program (PPP) under the Coronavirus Aid, Relief and Economic Security (CARES) Act.