PPP Loan Data — Mama’S Grill Inc, Batavia, OH
Mama’S Grill Inc is a corporation located at 4227 All Star Dr in Batavia, Ohio that received a Coronavirus-related PPP loan from the SBA of $25,300.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Mama’S Grill Inc in Batavia, OH received a Paycheck Protection Loan of $25,300 through Peoples Bank, which was approved in May, 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, Mama’S Grill Inc's 2019 payroll expenses are estimated to be at least $121,440.
Based on their reported 15 jobs retained, this equals an estimated average yearly compensation of $8,096 per employee1
Reported PPP Proceed Usage:
On the PPP application, Mama’S Grill Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $20,000
- Utilities: $2,300
- Rent: $3,000
Business Information - Mama’S Grill Inc in Batavia, OH
4227 All Star Dr
Batavia, OH 45103
NAICS code 722511
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Batavia
In the Batavia area, 21 businesses in the "Full-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 16 employees (compared to this company's 15) and received an average PPP loan of $46,906 (compared to this company's $25,300).
Similar Nearby Businesses Who Received PPP Funding:
H David & Sons LLC
Sakura Express Japanese Grill Inc
Campbell's Barn Country Restaurant, LLC
Amelia Pizzeria Inc
Mary Ellen Oharallc
Redzone Neighborhood Bar And Grill, LLC
Mack Daddy 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, 47% higher than Mama’S Grill Inc's reported 15 employees, and received an average PPP loan of $129,504, 412% higher than this company's loan of $25,300.
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Footnotes & Information
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