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PPP Loan Data — Manna Development Group LLC,
Encinitas, CA
FRANCHISE
CAManna Development Group LLC
Entity: Corporation
Industry: Limited-Service Restaurants
Franchise: Panera Bread
Location: Encinitas, CA
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Manna Development Group LLC is a corporation located at 2339 11th St in Encinitas, California that received a Coronavirus-related PPP loan from the SBA of $2,000,000.00 in May, 2021. This business is a Panera Bread franchise.
The company has reported itself as a White owned business, and employed at least 300 people during the applicable loan loan period.
$
PPP Loan Information
Loan #8421719003
Loan Size:
Jobs Retained:
300Loan Approved:
2021-05-27Loan Status:
Paid in Full or ForgivenLender:
The Huntington National BankManna Development Group LLC in Encinitas, CA received a Paycheck Protection Loan of $2M through The Huntington National Bank, which was approved in May, 2021.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in March, 2022.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased 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, Manna Development Group LLC's 2019 payroll expenses are estimated to be at least $9.6M.
Based on their reported 300 jobs retained, this equals an estimated average yearly compensation of $32,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, Manna Development Group LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,999,996
- Utilities: $1
Business Information - Manna Development Group LLC in Encinitas, CA
2339 11th St
Encinitas, CA 92024
Business Industry:
Limited-Service Restaurants
NAICS code 722513
Business Owner Demographics
Race: White
Ethnicity: Not Hispanic or Latino
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Businesses Using Same Address:
There is one other business that received a PPP loan registered to the same address as Manna Development Group LLC.
Bread Of Life LLC
Limited-Service Restaurants
Similar Companies near Encinitas
In the Encinitas area, 72 businesses in the "Limited-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 88 employees (compared to this company's 300) and received an average PPP loan of $578,877 (compared to this company's $2M).
Similar Nearby Businesses Who Received PPP Funding:
Blue Ocean R&E Alliance LLC
Encinitas, CA
West Of One Inc
Encinitas, CA
SHN, Inc
Encinitas, CA
Lobster West Inc
Encinitas, CA
Chin's Szechwan Encinitas, Inc
Encinitas, CA
OPH Of Rancho Santa Fe LLC
Encinitas, CA
RL Serrano Enterprises Inc
Escondido, CA
Pzahss Inc
Encinitas, CA
Ikarus Productions, LLC
Escondido, CA
Industry PPP Comparison Statistics
Nationwide, 136,544 businesses in the "Limited-Service Restaurants" industry received a total of $13.87B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 2% of the total PPP funding allocated.
PPP recipients in this industry report an average of 21 employees, 93% lower than Manna Development Group LLC's reported 300 employees, and received an average PPP loan of $101,555, 95% lower than this company's loan of $2M.
FRANCHISE
CAManna Development Group, LLC
Entity: Corporation
Industry: Limited-Service Restaurants
Franchise: Panera Bread
Location: Encinitas, CA
Tweet This
•
Search All PPP Data
Manna Development Group, LLC is a corporation located at 2339 11th Street in Encinitas, California that received a Coronavirus-related PPP loan from the SBA of $6,190,677.00 in April, 2020. This business is a Panera Bread franchise.
The company has reported itself as a White male owned business, and employed at least 500 people during the applicable loan loan period.
$
PPP Loan Information
Loan #8293347001
Loan Size:
Jobs Retained:
500Loan Approved:
2020-04-08Loan Status:
Paid in Full or ForgivenLender:
The Huntington National BankManna Development Group, LLC in Encinitas, CA received a Paycheck Protection Loan of $6.19M through The Huntington National Bank, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in November, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased 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, Manna Development Group, LLC's 2019 payroll expenses are estimated to be at least $29.72M.
Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $59,431 per employee1
Reported PPP Proceed Usage:
On the PPP application, Manna Development Group, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $6,190,677
Business Information - Manna Development Group, LLC in Encinitas, CA
2339 11th Street
Encinitas, CA 92024
Business Industry:
Limited-Service Restaurants
NAICS code 722513
Business Owner Demographics
Race: White
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Businesses Using Same Address:
There are 6 other businesses that received a PPP loan registered to the same address as Manna Development Group, LLC.
Manna Construction Company, LLC
New Single-Family Housing Construction (except For-Sale Builders)
Manna La, LLC
Limited-Service Restaurants
Risen Bread
Limited-Service Restaurants
Manna NW, LLC
Limited-Service Restaurants
Bread Of Life, LLC
Limited-Service Restaurants
Manna Colorado, LLC
Limited-Service Restaurants
Similar Companies near Encinitas
In the Encinitas area, 72 businesses in the "Limited-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 88 employees (compared to this company's 500) and received an average PPP loan of $578,877 (compared to this company's $6.19M).
Similar Nearby Businesses Who Received PPP Funding:
Blue Ocean R&E Alliance LLC
Encinitas, CA
West Of One Inc
Encinitas, CA
SHN, Inc
Encinitas, CA
Lobster West Inc
Encinitas, CA
Chin's Szechwan Encinitas, Inc
Encinitas, CA
OPH Of Rancho Santa Fe LLC
Encinitas, CA
RL Serrano Enterprises Inc
Escondido, CA
Pzahss Inc
Encinitas, CA
Ikarus Productions, LLC
Escondido, CA
Industry PPP Comparison Statistics
Nationwide, 136,544 businesses in the "Limited-Service Restaurants" industry received a total of $13.87B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 2% of the total PPP funding allocated.
PPP recipients in this industry report an average of 21 employees, 96% lower than Manna Development Group, LLC's reported 500 employees, and received an average PPP loan of $101,555, 98% lower than this company's loan of $6.19M.
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. Estimations for informational purposes only. 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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