PPP Loan Data — La Casona LLC, Atlanta, GA
La Casona LLC is a corporation located at 3820 Stewart Road in Atlanta, Georgia that received a Coronavirus-related PPP loan from the SBA of $25,079.00 in April, 2020.
The company has reported itself as a female owned business, and employed at least four people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Cadence Bank, National Association
La Casona LLC in Atlanta, GA received a Paycheck Protection Loan of $25,079 through Cadence Bank, National Association, which was approved in April, 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, La Casona LLC's 2019 payroll expenses are estimated to be at least $120,379.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $30,095 per employee1
Reported PPP Proceed Usage:
On the PPP application, La Casona LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Health Care: $25,079
Business Information - La Casona LLC in Atlanta, GA
3820 Stewart Road
Atlanta, GA 30340
NAICS code 722511
Business Owner Demographics
Ethnicity: Hispanic or Latino
Gender: Female Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Atlanta
In the Atlanta area, 156 businesses in the "Full-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 14 employees (compared to this company's 4) and received an average PPP loan of $86,992 (compared to this company's $25,079).
Similar Nearby Businesses Who Received PPP Funding:
Tacos El Chapin LLC
J & L Hospitality Group, LLC
Pampa Steakhouse, Inc
Hot Melody Inc
The Mad Italian, Inc
Golden Key Rita Inc
Chuang Xin Inc
Farm Noodle Inc
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, 450% higher than La Casona LLC's reported 4 employees, and received an average PPP loan of $129,504, 416% higher than this company's loan of $25,079.
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Footnotes & Information
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