PPP Loan Data — El Toro Centerville LLC DBA El Toro, Centerville, OH
El Toro Centerville LLC DBA El Toro is a limited liability company (LLC) located at 894 S Main St in Centerville, Ohio that received a Coronavirus-related PPP loan from the SBA of $46,102.00 in January, 2021.
The company has reported itself as a White male owned business, and employed at least twenty people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Wright Patt CU Inc
El Toro Centerville LLC DBA El Toro in Centerville, OH received a Paycheck Protection Loan of $46,102 through Wright Patt CU Inc, which was approved in January, 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 Toro Centerville LLC DBA El Toro's 2019 payroll expenses are estimated to be at least $221,290.
Based on their reported 20 jobs retained, this equals an estimated average yearly compensation of $11,065 per employee1
Reported PPP Proceed Usage:
On the PPP application, El Toro Centerville LLC DBA El Toro reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,096
- Utilities: $1
Business Information - El Toro Centerville LLC DBA El Toro in Centerville, OH
894 S Main St
Centerville, OH 45458
NAICS code 722511
Business Owner Demographics
Ethnicity: Hispanic or Latino
Gender: Male Owned
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Centerville
In the Centerville area, 58 businesses in the "Full-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 31 employees (compared to this company's 20) and received an average PPP loan of $121,222 (compared to this company's $46,102).
Similar Nearby Businesses Who Received PPP Funding:
Sake Two Inc
Las Margaritas Mexican Bar & Grill LLC
The Paragon Club Inc
Centerville Alex-Bell LLC
Prems Chennai Delight
Yuan And Lin Corporation
C & S Anderson Enterprises 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, 10% higher than El Toro Centerville LLC DBA El Toro's reported 20 employees, and received an average PPP loan of $129,504, 181% higher than this company's loan of $46,102.
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Footnotes & Information
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