PPP Loan Data — Campesinos Mexican Restaurant LLC, Jenks, OK
Campesinos Mexican Restaurant LLC is a limited liability company (LLC) located at 393 E Main in Jenks, Oklahoma that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Campesinos Mexican Restaurant LLC in Jenks, OK received a Paycheck Protection Loan of $25,000 through Arvest Bank, which was approved in April, 2020.
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, Campesinos Mexican Restaurant LLC's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 10 jobs retained, this equals an estimated average yearly compensation of $12,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, Campesinos Mexican Restaurant LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - Campesinos Mexican Restaurant LLC in Jenks, OK
393 E Main
Jenks, OK 74037
NAICS code 722511
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Jenks
In the Jenks area, 20 businesses in the "Full-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 $177,145 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
Get Fondue, LLC
Waterfront Grill LLC
Golfsuites Tulsa LLC
Rogers County Dining Inc
Bramble Riverwalk LLC
Los Cabos Riverwalk, LLC
Los Mariachis Mexican Restaurant Jenks
Industry PPP Comparison Statistics
Nationwide, 328,914 businesses in the "Full-Service Restaurants" industry received a total of $42.6B in PPP loans. These businesses account for 3% of total PPP applications submitted, and received 5% of the total PPP funding allocated.
PPP recipients in this industry report an average of 22 employees, 120% higher than Campesinos Mexican Restaurant LLC's reported 10 employees, and received an average PPP loan of $129,504, 418% higher than this company's loan of $25,000.
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Footnotes & Information
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