PPP Loan Data — El Ranchito Supermarket, LLC, Joliet, IL
El Ranchito Supermarket, LLC
Entity: Limited Liability Company (LLC)
Location: Joliet, ILTweet This • Search All PPP Data
El Ranchito Supermarket, LLC is a limited liability company (LLC) located at 561 E Cass St in Joliet, Illinois that received a Coronavirus-related PPP loan from the SBA of $302,400.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 58 people during the applicable loan loan period.
$ PPP Loan Information
Lender:FIRST BANK OF MANHATTAN
El Ranchito Supermarket, LLC received a Paycheck Protection Loan of $302,400 through FIRST BANK OF MANHATTAN, which was approved in April, 2020.
Based on standard PPP eligibility rules, El Ranchito Supermarket, LLC's total 2019 payroll expenses were approximately $1.45M in order to qualify for the PPP loan amount received.
Based on their reported 58 jobs retained, this equals an estimated average yearly compensation of $25,026 per employee1.
Business Information - El Ranchito Supermarket, LLC in Joliet, IL
561 E Cass St
Joliet, IL 60432
Supermarkets and Other Grocery (except Convenience) Stores (NAICS code 445110)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: UnreportedCongressional District: IL-11
Similar Companies near Joliet
In the Joliet area, 4 businesses in the "Supermarkets and Other Grocery (except Convenience) Stores" industry received a PPP loan. These local businesses reported an average of 147 employees (compared to this company's 58) and received an average PPP loan of $1,093,945 (compared to this company's $302,400).
Similar Nearby Businesses Who Received PPP Funding:
A & A Gas & Food Mart Inc
Gonzalez Fresh Produce LLC
Industry PPP Comparison Statistics
Nationwide, 18,654 businesses in the "Supermarkets and Other Grocery (except Convenience) Stores" industry received a total of $2,017,651,016.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 19 employees, 67% lower than El Ranchito Supermarket, LLC's reported 58 employees, and received an average PPP loan of $108,162, 64% lower than this company's loan of $302,400.
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.
Footnotes & Information
1. 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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