PPP Loan Data — Bapa Ganesh LLC, Tulsa, OK
Bapa Ganesh LLC is a limited liability company (LLC) located at Ste 257a 7021 S Memorial Dr in Tulsa, Oklahoma that received a Coronavirus-related PPP loan from the SBA of $24,990.00 in May, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Bank of America, National Association
Bapa Ganesh LLC in Tulsa, OK received a Paycheck Protection Loan of $24,990 through Bank of America, National Association, which was approved in May, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in June, 2021.
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, Bapa Ganesh LLC's 2019 payroll expenses are estimated to be at least $119,952.
Based on their reported 10 jobs retained, this equals an estimated average yearly compensation of $11,995 per employee1
Reported PPP Proceed Usage:
On the PPP application, Bapa Ganesh LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,990
Business Information - Bapa Ganesh LLC in Tulsa, OK
Ste 257a 7021 S Memorial Dr
Tulsa, OK 74133
NAICS code 722513
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Tulsa
In the Tulsa area, 48 businesses in the "Limited-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 32 employees (compared to this company's 10) and received an average PPP loan of $162,239 (compared to this company's $24,990).
Similar Nearby Businesses Who Received PPP Funding:
Boss Tea LLC
CTS Emporia LLC
Giti Enterprises As Quiznos
Beyond Cafe LLC
Viet Hot Bread
Steak & Bake Inc
Pueblo Chicken LLC
Savastano's Pizzeria And Restaurant Inc
Industry PPP Comparison Statistics
Nationwide, 137,629 businesses in the "Limited-Service Restaurants" industry received a total of $13.9B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 2% of the total PPP funding allocated.
PPP recipients in this industry report an average of 21 employees, 110% higher than Bapa Ganesh LLC's reported 10 employees, and received an average PPP loan of $100,980, 304% higher than this company's loan of $24,990.
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Footnotes & Information
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