PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — B Holdings Management LLC, Santa Fe, NM

ALERT: There are 2 PPP loans for a total of $3.59M in our database for businesses with the name "B Holdings Management LLC" in Santa Fe, NM. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for B Holdings Management LLC
NM

B Holdings Management LLC

Entity: Limited Liability Company (LLC)

Industry: Food Service Contractors

Location: Santa Fe, NM

Search All PPP Data

B Holdings Management LLC is a limited liability company (LLC) located at 530b Harkle Rd in Santa Fe, New Mexico that received a Coronavirus-related PPP loan from the SBA of $1,794,555.00 in May, 2021.

$ PPP Loan Information
Loan #7927348910

Loan Size:

$1.79M

Jobs Retained:

89

Loan Approved:

2021-05-11

Loan Status:

Ongoing Loan

Lender:

Readycap Lending, LLC

B Holdings Management LLC in Santa Fe, NM received a Paycheck Protection Loan of $1.79M through Readycap Lending, LLC, which was approved in May, 2021.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, B Holdings Management LLC's 2019 payroll expenses are estimated to be at least $8.61M.

Based on their reported 89 jobs retained, this equals an estimated average yearly compensation of $96,785 per employee1

Reported PPP Proceed Usage:

On the PPP application, B Holdings Management LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $1,794,554

Business Information - B Holdings Management LLC in Santa Fe, NM

B Holdings Management LLC
530b Harkle Rd
Santa Fe, NM 87505

Business Industry:
Food Service Contractors
NAICS code 722310

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Santa Fe County, NM — SBA Office 0682 — Congressional District: NM-03

Similar Companies near Santa Fe

In the Santa Fe area, 5 businesses in the "Food Service Contractors" industry received a PPP loan. These local businesses reported an average of 41 employees (compared to this company's 89) and received an average PPP loan of $734,138 (compared to this company's $1.79M).

Industry PPP Comparison Statistics

Nationwide, 38,610 businesses in the "Food Service Contractors" industry received a total of $2.01B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.

PPP recipients in this industry report an average of 6 employees, 93% lower than B Holdings Management LLC's reported 89 employees, and received an average PPP loan of $52,102, 97% lower than this company's loan of $1.79M.

SBA PPP loan data, payroll data, and salaries for B Holdings Management LLC
NM

B Holdings Management LLC

Entity: Limited Liability Company (LLC)

Industry: Food Service Contractors

Location: Santa Fe, NM

Search All PPP Data

B Holdings Management LLC is a limited liability company (LLC) located at 530-b Hakle Rd in Santa Fe, New Mexico that received a Coronavirus-related PPP loan from the SBA of $1,794,555.00 in May, 2020.

$ PPP Loan Information
Loan #5719757403

Loan Size:

$1.79M

Jobs Retained:

89

Loan Approved:

2020-05-13

Loan Status:

Ongoing Loan

Lender:

Celtic Bank Corporation

B Holdings Management LLC in Santa Fe, NM received a Paycheck Protection Loan of $1.79M through Celtic Bank Corporation, which was approved in May, 2020.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, B Holdings Management LLC's 2019 payroll expenses are estimated to be at least $8.61M.

Based on their reported 89 jobs retained, this equals an estimated average yearly compensation of $96,785 per employee1

Reported PPP Proceed Usage:

On the PPP application, B Holdings Management LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $1,794,555

Business Information - B Holdings Management LLC in Santa Fe, NM

B Holdings Management LLC
530-b Hakle Rd
Santa Fe, NM 87505

Business Industry:
Food Service Contractors
NAICS code 722310

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: New Business or 2 years or less

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Santa Fe County, NM — SBA Office 0682 — Congressional District: NM-03

Similar Companies near Santa Fe

In the Santa Fe area, 5 businesses in the "Food Service Contractors" industry received a PPP loan. These local businesses reported an average of 41 employees (compared to this company's 89) and received an average PPP loan of $734,138 (compared to this company's $1.79M).

Industry PPP Comparison Statistics

Nationwide, 38,610 businesses in the "Food Service Contractors" industry received a total of $2.01B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.

PPP recipients in this industry report an average of 6 employees, 93% lower than B Holdings Management LLC's reported 89 employees, and received an average PPP loan of $52,102, 97% lower than this company's loan of $1.79M.

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.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Estimations for informational purposes only. 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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Source: www.federalpay.org/paycheck-protection-program/b-holdings-management-llc-santa-fe-nm