PPP Loan Data — Leal Family Enterprises LLC, Joshua, TX
Leal Family Enterprises LLC is a limited liability company (LLC) located at 301 E 12th St Ste A in Joshua, Texas that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in January, 2021.
PPP Loan Information
Loan Status:Ongoing Loan
Leal Family Enterprises LLC in Joshua, TX received a Paycheck Protection Loan of $25,000 through TimePayment Corp., which was approved in January, 2021.
This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.
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, Leal Family Enterprises LLC's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 8 jobs retained, this equals an estimated average yearly compensation of $15,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, Leal Family Enterprises LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,996
- Utilities: $1
Business Information - Leal Family Enterprises LLC in Joshua, TX
301 E 12th St Ste A
Joshua, TX 76058
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 Joshua
In the Joshua area, 13 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 8) and received an average PPP loan of $56,781 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
Ohrld Express Inc
D-Country Cafe, LLC
Sonic Joshua, TX., Inc
Fun Time Cafe
Williams & Williams Chicken Lc
Hickory Tree LLC
UN & Yong Enterprise Inc
K & S Barbq 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, 175% higher than Leal Family Enterprises LLC's reported 8 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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