PPP Loan Data — Caffe Mona, LLC, Pittsburgh, PA
Caffe Mona, LLC is a limited liability company (LLC) located at 4200 Penn Avenue in Pittsburgh, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:First National Bank of Pennsylvania
Caffe Mona, LLC in Pittsburgh, PA received a Paycheck Protection Loan of $25,000 through First National Bank of Pennsylvania, which was approved in April, 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 April, 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, Caffe Mona, LLC's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 7 jobs retained, this equals an estimated average yearly compensation of $17,143 per employee1
Reported PPP Proceed Usage:
On the PPP application, Caffe Mona, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - Caffe Mona, LLC in Pittsburgh, PA
4200 Penn Avenue
Pittsburgh, PA 15224
All Other Business Support Services
NAICS code 561499
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Pittsburgh
In the Pittsburgh area, 16 businesses in the "All Other Business Support Services" industry received a PPP loan. These local businesses reported an average of 11 employees (compared to this company's 7) and received an average PPP loan of $109,279 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
2ND Skull, Inc
Justin J. Pisano
Neville Food & Beverage
Pacific Atlantic Transport Inc
Paul Lumber And Supply Co
Campau Management DBA The Pleasure Bar
Industry PPP Comparison Statistics
Nationwide, 53,190 businesses in the "All Other Business Support Services" industry received a total of $2.63B 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, 14% lower than Caffe Mona, LLC's reported 7 employees, and received an average PPP loan of $49,465, 98% higher than this company's loan of $25,000.
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Footnotes & Information
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