PPP Loan Data — Manna Development Group, LLC, Encinitas, CA
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.
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
Lender:THE HUNTINGTON NATIONAL BANK
Manna 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.
Based on standard PPP eligibility rules, Manna Development Group, LLC's total 2019 payroll expenses were approximately $29.72M in order to qualify for the PPP loan amount received.
Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $59,431 per employee1.
Business Information - Manna Development Group, LLC in Encinitas, CA
2339 11th Street
Encinitas, CA 92024
Limited-Service Restaurants (NAICS code 722513)
Business Owner Demographics
Race / Ethnicity: WHITE
Gender: MALE OWNED
Veteran Status: NON-VETERANCongressional District: CA-49
Similar Companies near Encinitas
In the Encinitas area, 44 businesses in the "Limited-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 95 employees (compared to this company's 500) and received an average PPP loan of $724,103 (compared to this company's $6.19M).
Similar Nearby Businesses Who Received PPP Funding:
Beach Grass Cafe, Inc.
Chin's Szechwan Encinitas, Inc.
Crazy Cold Concepts, Inc.
Manna Colorado, LLC
Manna NW, LLC
Bread Of Life, LLC
Best Bros Inc
Rivera Eb Inc
Lotus Cafe Inc
Industry PPP Comparison Statistics
Nationwide, 79,996 businesses in the "Limited-Service Restaurants" industry received a total of $9,671,819,152.00 in PPP loans. These businesses account for 2% of total PPP applications submitted, and received 2% of the total PPP funding allocated.
PPP recipients in this industry report an average of 23 employees, 95% lower than Manna Development Group, LLC's reported 500 employees, and received an average PPP loan of $120,904, 98% lower than this company's loan of $6.19M.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!