PPP Loan Data — El Taco Luchador Cinco LLC, Louisville, KY
El Taco Luchador Cinco LLC is a limited liability partnership located at 500 W Jefferson St in Louisville, Kentucky that received a Coronavirus-related PPP loan from the SBA of $46,000.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least eleven people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Republic Bank & Trust Company
El Taco Luchador Cinco LLC in Louisville, KY received a Paycheck Protection Loan of $46,000 through Republic Bank & Trust Company, 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 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, El Taco Luchador Cinco LLC's 2019 payroll expenses are estimated to be at least $220,800.
Based on their reported 11 jobs retained, this equals an estimated average yearly compensation of $20,073 per employee1
Reported PPP Proceed Usage:
On the PPP application, El Taco Luchador Cinco LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,000
Business Information - El Taco Luchador Cinco LLC in Louisville, KY
500 W Jefferson St
Louisville, KY 40202
NAICS code 722511
Business Owner Demographics
Ethnicity: Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Louisville
In the Louisville area, 86 businesses in the "Full-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 20 employees (compared to this company's 11) and received an average PPP loan of $126,723 (compared to this company's $46,000).
Similar Nearby Businesses Who Received PPP Funding:
Blue Nile LLC
Sky Enterprises Inc
P & D Enterprise LLC
Old Louisville Chili Bowl Inc
Kentucky Pot Pies LLC
Barry's Cheese Steaks & More LLC
Mi Casita On Fourth LLC
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, 100% higher than El Taco Luchador Cinco LLC's reported 11 employees, and received an average PPP loan of $129,504, 182% higher than this company's loan of $46,000.
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Footnotes & Information
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