PPP Loan Data — El Tenampa LLC, Milwaukee, WI
El Tenampa LLC is a limited liability company (LLC) located at 8660 N 107th St in Milwaukee, Wisconsin that received a Coronavirus-related PPP loan from the SBA of $47,000.00 in June, 2020.
The company has reported itself as a White male owned business, and employed at least fifteen people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Waukesha State Bank
El Tenampa LLC in Milwaukee, WI received a Paycheck Protection Loan of $47,000 through Waukesha State Bank, which was approved in June, 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, El Tenampa LLC's 2019 payroll expenses are estimated to be at least $225,600.
Based on their reported 15 jobs retained, this equals an estimated average yearly compensation of $15,040 per employee1
Reported PPP Proceed Usage:
On the PPP application, El Tenampa LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $47,000
Business Information - El Tenampa LLC in Milwaukee, WI
8660 N 107th St
Milwaukee, WI 53224
NAICS code 722511
Business Owner Demographics
Ethnicity: Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Milwaukee
In the Milwaukee area, 26 businesses in the "Full-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 7 employees (compared to this company's 15) and received an average PPP loan of $38,070 (compared to this company's $47,000).
Similar Nearby Businesses Who Received PPP Funding:
Brown Deer, WI
Milwaukee Banquet LLC
M&B 2017 LLC
Brown Deer, WI
Hong Kong Express, Corp
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, 47% higher than El Tenampa LLC's reported 15 employees, and received an average PPP loan of $129,504, 176% higher than this company's loan of $47,000.
FederalPay's PPP Information Policy
Footnotes & Information
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