PPP Loan Data — La Ranchera Mexican Food, Inc, La Habra, CA
La Ranchera Mexican Food, Inc is a corporation located at 911 E La Habra Blvd in La Habra, California that received a Coronavirus-related PPP loan from the SBA of $15,241.00 in May, 2020.
$ PPP Loan Information
Lender:BANK OF AMERICA, NATIONAL ASSOCIATION
La Ranchera Mexican Food, Inc received a Paycheck Protection Loan of $15,241 through BANK OF AMERICA, NATIONAL ASSOCIATION, which was approved in May, 2020.
Based on standard PPP eligibility rules, La Ranchera Mexican Food, Inc's total 2019 payroll expenses were approximately $73,157 in order to qualify for the PPP loan amount received.
Based on their reported 7 jobs retained, this equals an estimated average yearly compensation of $10,451 per employee1.
Business Information - La Ranchera Mexican Food, Inc in La Habra, CA
911 E La Habra Blvd
La Habra, CA 90631
Full-Service Restaurants (NAICS code 722511)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: CA-39
Similar Companies near La Habra
In the La Habra area, 68 businesses in the "Full-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 26 employees (compared to this company's 7) and received an average PPP loan of $520,807 (compared to this company's $15,241).
Similar Nearby Businesses Who Received PPP Funding:
CKC Bistro Inc
La Habra, CA
GH & Sk Global Inc
La Habra, CA
Sunrise Restaurants, LLC
La Habra, CA
The Original Country Cafe Inc.
VL Elements Mgt, LLC
Joe's Deli Gourmet Sandwiches
Sweetee Thai Cuisine
Industry PPP Comparison Statistics
Nationwide, 175,054 businesses in the "Full-Service Restaurants" industry received a total of $20,426,260,320.00 in PPP loans. These businesses account for 3% of total PPP applications submitted, and received 4% of the total PPP funding allocated.
PPP recipients in this industry report an average of 20 employees, 186% higher than La Ranchera Mexican Food, Inc's reported 7 employees, and received an average PPP loan of $116,685, 666% higher than this company's loan of $15,241.
FederalPay's PPP Information Policy
Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan.
All information displayed on this page is publicly available information under PPP loan guidelines, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.
Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.
Footnotes & Information
1. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.
2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.
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