PPP Loan Data — Herrera's Restaurant Y Cantina LLC, Fredericksburg, TX
Herrera's Restaurant Y Cantina LLC is a limited liability company (LLC) located at 809 West Main Street in Fredericksburg, Texas that received a Coronavirus-related PPP loan from the SBA of $46,337.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Texas Partners Bank
Herrera's Restaurant Y Cantina LLC in Fredericksburg, TX received a Paycheck Protection Loan of $46,337 through Texas Partners Bank, 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 April, 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, Herrera's Restaurant Y Cantina LLC's 2019 payroll expenses are estimated to be at least $222,418.
Based on their reported 10 jobs retained, this equals an estimated average yearly compensation of $22,242 per employee1
Reported PPP Proceed Usage:
On the PPP application, Herrera's Restaurant Y Cantina LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,337
Business Information - Herrera's Restaurant Y Cantina LLC in Fredericksburg, TX
809 West Main Street
Fredericksburg, TX 78624
NAICS code 722511
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Fredericksburg
In the Fredericksburg area, 73 businesses in the "Full-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 24 employees (compared to this company's 10) and received an average PPP loan of $127,275 (compared to this company's $46,337).
Similar Nearby Businesses Who Received PPP Funding:
Eric Bryla, Inc
Airport Diner Inc
Hyleigh's Venture Inc DBA Mr Gattis Fredericksburg
New Casa Restaurant Group LLC
Lisa Bustillos DBA City Cafe
C B Tan LLC
Hyleigh's Venture, Inc
G R K Marketing, Inc
Industry PPP Comparison Statistics
PPP recipients in this industry report an average of 22 employees, 120% higher than Herrera's Restaurant Y Cantina LLC's reported 10 employees, and received an average PPP loan of $129,504, 179% higher than this company's loan of $46,337.
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Footnotes & Information
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