PPP Loan Data — Marcel Enterprises, Inc., Laredo, TX
Marcel Enterprises, Inc. is a corporation located at 711 W. Hillside Rd in Laredo, Texas that received a Coronavirus-related PPP loan from the SBA of $124,547.00 in April, 2020.
The company has reported itself as a Hispanic male owned business, and employed at least 29 people during the applicable loan loan period.
$ PPP Loan Information
Lender:FALCON INTERNATIONAL BANK
Marcel Enterprises, Inc. received a Paycheck Protection Loan of $124,547 through FALCON INTERNATIONAL BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Marcel Enterprises, Inc.'s total 2019 payroll expenses were approximately $597,826 in order to qualify for the PPP loan amount received.
Based on their reported 29 jobs retained, this equals an estimated average yearly compensation of $20,615 per employee1.
Business Information - Marcel Enterprises, Inc. in Laredo, TX
711 W. Hillside Rd
Laredo, TX 78041
Limited-Service Restaurants (NAICS code 722513)
Business Owner Demographics
Race / Ethnicity: HISPANIC
Gender: MALE OWNED
Veteran Status: NON-VETERANCongressional District: TX-28
Similar Companies near Laredo
In the Laredo area, 16 businesses in the "Limited-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 65 employees (compared to this company's 29) and received an average PPP loan of $268,497 (compared to this company's $124,547).
Similar Nearby Businesses Who Received PPP Funding:
Altitude Laredo, LLC
Mariscos El Pescador, LTD
Pizzas Del Sur, Inc.
Yukon House Of Tortas, LLC
Pollos Del Centro, Inc.
JET Blue Enterprises
Pollos Del Sur, Inc.
Grupo Paulitas, 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, 21% lower than Marcel Enterprises, Inc.'s reported 29 employees, and received an average PPP loan of $120,904, 3% lower than this company's loan of $124,547.
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. 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.
Have FederalPay.org's open data tools been valuable? Consider donating!