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PPP Loan Data — M&S Group Inc,
El Paso, TX
M&S Group Inc
Entity: Corporation
Industry: Full-Service Restaurants
Location: El Paso, TX
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M&S Group Inc is a corporation located at 2021 E. Yandell Dr in El Paso, Texas that received a Coronavirus-related PPP loan from the SBA of $3,023,515.00 in April, 2020.
The company has reported itself as a Hispanic owned business, and employed at least 250 people during the applicable loan loan period.
$ PPP Loan Information
Loan Size:
Jobs Retained:
250Loan Approved:
2020-04-04Lender:
WESTSTAR BANKM&S Group Inc in El Paso, TX received a Paycheck Protection Loan of $3.02M through WESTSTAR BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, M&S Group Inc's total 2019 payroll expenses were approximately $14.51M in order to qualify for the PPP loan amount received.
Based on their reported 250 jobs retained, this equals an estimated average yearly compensation of $58,051 per employee1.
Business Information - M&S Group Inc in El Paso, TX
2021 E. Yandell Dr
El Paso, TX 79903
Business Industry
Full-Service Restaurants (NAICS code 722511)
Business Owner Demographics
Race / Ethnicity: HISPANIC
Gender: Unreported
Veteran Status: Unreported
Congressional District: TX-16Similar Companies near El Paso
In the El Paso area, 45 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 250) and received an average PPP loan of $291,441 (compared to this company's $3.02M).
Similar Nearby Businesses Who Received PPP Funding:
Little Bavarian Restaurant, Inc.
El Paso, TX
Piedmont LLC
El Paso, TX
L & J Cafe
El Paso, TX
J8 Enterprises LLC
El Paso, TX
Joe Vinny And Bronsons Bohemian Cafe LLC
El Paso, TX
Rafa's Burritos II
El Paso, TX
Generaciones 1973 Inc.
El Paso, TX
Casa Pizza & Restaurant Inc
El Paso, TX
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, 92% lower than M&S Group Inc's reported 250 employees, and received an average PPP loan of $116,685, 96% lower than this company's loan of $3.02M.
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, and is published unmodified, as provided by the SBA.
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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