PPP Loan Data — La Mixteca Taqueria Y Huaracheria, Fairview, OR
La Mixteca Taqueria Y Huaracheria is a limited liability company (LLC) located at 1601 Ne 223rd Ave in Fairview, Oregon that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in June, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:OnPoint Community CU
La Mixteca Taqueria Y Huaracheria in Fairview, OR received a Paycheck Protection Loan of $25,000 through OnPoint Community CU, 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, La Mixteca Taqueria Y Huaracheria's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $24,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, La Mixteca Taqueria Y Huaracheria reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - La Mixteca Taqueria Y Huaracheria in Fairview, OR
1601 Ne 223rd Ave
Fairview, OR 97024
NAICS code 722511
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Fairview
In the Fairview area, 25 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 5) and received an average PPP loan of $130,417 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
SOL Tapatio Inc
Denic Restaurants Inc
Hitchin Post Pizza Inc
Fairview Sport Bar LLC
Old Mill Saloon LLC
GIN Sun Inc
Alexander Otb Inc
New Panda Chinese Restaurant 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, 340% higher than La Mixteca Taqueria Y Huaracheria's reported 5 employees, and received an average PPP loan of $129,504, 418% higher than this company's loan of $25,000.
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Footnotes & Information
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