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PPP Loan Data — Mariscos Sinaloa Inc,
Tempe, AZ
Mariscos Sinaloa Inc
Entity: Corporation
Industry: Full-Service Restaurants
Location: Tempe, AZ
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Mariscos Sinaloa Inc is a corporation located at 3135 S 48th St Ste 110 in Tempe, Arizona that received a Coronavirus-related PPP loan from the SBA of $164,881.00 in February, 2021.
The company has reported itself as a White female owned business, and employed at least eighteen people during the applicable loan loan period.
$
PPP Loan Information
Loan #5041988404
Loan Size:
Jobs Retained:
18Loan Approved:
2021-02-07Loan Status:
Ongoing LoanLender:
Sunwest BankMariscos Sinaloa Inc in Tempe, AZ received a Paycheck Protection Loan of $164,881 through Sunwest Bank, which was approved in February, 2021.
This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.
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, Mariscos Sinaloa Inc's 2019 payroll expenses are estimated to be at least $791,429.
Based on their reported 18 jobs retained, this equals an estimated average yearly compensation of $43,968 per employee1
Reported PPP Proceed Usage:
On the PPP application, Mariscos Sinaloa Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $164,881
Business Information - Mariscos Sinaloa Inc in Tempe, AZ
3135 S 48th St Ste 110
Tempe, AZ 85282
Business Industry:
Full-Service Restaurants
NAICS code 722511
Business Owner Demographics
Race: White
Ethnicity: Hispanic or Latino
Gender: Female Owned
Veteran Status: Non-Veteran
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Similar Companies near Tempe
In the Tempe area, 185 businesses in the "Full-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 32 employees (compared to this company's 18) and received an average PPP loan of $127,113 (compared to this company's $164,881).
Similar Nearby Businesses Who Received PPP Funding:
All The Luv Wings On 48Th Street LLC
Tempe, AZ
Positive Plus LLC
Tempe, AZ
Fresh Alley, LLC
Tempe, AZ
Cory Tereick
Tempe, AZ
House Of Tricks Inc
Tempe, AZ
Farag And Haria, LLC
Tempe, AZ
Red Hot And Chili LLC
Tempe, AZ
Junnculinary LLC
Tempe, AZ
Irish Pub Tempe LLC
Tempe, AZ
Industry PPP Comparison Statistics
Nationwide, 326,480 businesses in the "Full-Service Restaurants" industry received a total of $42.51B 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, 22% higher than Mariscos Sinaloa Inc's reported 18 employees, and received an average PPP loan of $130,209, 21% lower than this company's loan of $164,881.
Mariscos Sinaloa Inc
Entity: Corporation
Industry: Full-Service Restaurants
Location: Tempe, AZ
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Mariscos Sinaloa Inc is a corporation located at 3135 S 48th St Suite 110 in Tempe, Arizona that received a Coronavirus-related PPP loan from the SBA of $95,707.00 in May, 2020.
The company has reported itself as a White female owned business, and employed at least nineteen people during the applicable loan loan period.
$
PPP Loan Information
Loan #4355247701
Loan Size:
Jobs Retained:
19Loan Approved:
2020-05-01Loan Status:
Paid in Full or ForgivenLender:
Wells Fargo Bank, National AssociationMariscos Sinaloa Inc in Tempe, AZ received a Paycheck Protection Loan of $95,707 through Wells Fargo Bank, National Association, which was approved in May, 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 October, 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, Mariscos Sinaloa Inc's 2019 payroll expenses are estimated to be at least $459,394.
Based on their reported 19 jobs retained, this equals an estimated average yearly compensation of $24,179 per employee1
Reported PPP Proceed Usage:
On the PPP application, Mariscos Sinaloa Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $95,707
Business Information - Mariscos Sinaloa Inc in Tempe, AZ
3135 S 48th St Suite 110
Tempe, AZ 85282
Business Industry:
Full-Service Restaurants
NAICS code 722511
Business Owner Demographics
Race: White
Ethnicity: Hispanic or Latino
Gender: Female Owned
Veteran Status: Non-Veteran
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Similar Companies near Tempe
In the Tempe area, 185 businesses in the "Full-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 32 employees (compared to this company's 19) and received an average PPP loan of $127,113 (compared to this company's $95,707).
Similar Nearby Businesses Who Received PPP Funding:
All The Luv Wings On 48Th Street LLC
Tempe, AZ
Positive Plus LLC
Tempe, AZ
Fresh Alley, LLC
Tempe, AZ
Cory Tereick
Tempe, AZ
House Of Tricks Inc
Tempe, AZ
Farag And Haria, LLC
Tempe, AZ
Red Hot And Chili LLC
Tempe, AZ
Junnculinary LLC
Tempe, AZ
Irish Pub Tempe LLC
Tempe, AZ
Industry PPP Comparison Statistics
Nationwide, 326,480 businesses in the "Full-Service Restaurants" industry received a total of $42.51B 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, 16% higher than Mariscos Sinaloa Inc's reported 19 employees, and received an average PPP loan of $130,209, 36% higher than this company's loan of $95,707.
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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