FederalPay.org
PPP Loan Data — Marvolus Kitchen And Daiquiri Inc,
Stafford, TX
Marvolus Kitchen And Daiquiri Inc
Entity: Subchapter S Corporation
Industry: Full-Service Restaurants
Location: Stafford, TX
Tweet This
•
Search All PPP Data
Marvolus Kitchen And Daiquiri Inc is a subchapter s corporation located at 411 Dulles Ave in Stafford, Texas that received a Coronavirus-related PPP loan from the SBA of $7,217.00 in January, 2021.
The company has reported itself as a male owned business, and employed at least three people during the applicable loan loan period.
$
PPP Loan Information
Loan #5130998300
Loan Size:
Jobs Retained:
3Loan Approved:
2021-01-25Loan Status:
Ongoing LoanLender:
Allegiance BankMarvolus Kitchen And Daiquiri Inc in Stafford, TX received a Paycheck Protection Loan of $7,217 through Allegiance Bank, which was approved in January, 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, Marvolus Kitchen And Daiquiri Inc's 2019 payroll expenses are estimated to be at least $34,642.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $11,547 per employee1
Reported PPP Proceed Usage:
On the PPP application, Marvolus Kitchen And Daiquiri Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $7,213
- Utilities: $1
Business Information - Marvolus Kitchen And Daiquiri Inc in Stafford, TX
411 Dulles Ave
Stafford, TX 77477
Business Industry:
Full-Service Restaurants
NAICS code 722511
Business Owner Demographics
Race: Unreported
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
Similar Companies near Stafford
In the Stafford area, 161 businesses in the "Full-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 40 employees (compared to this company's 3) and received an average PPP loan of $226,971 (compared to this company's $7,217).
Similar Nearby Businesses Who Received PPP Funding:
Mukti Inc
Sugar Land, TX
AFG Shenandoah LLC
Sugar Land, TX
Gosap, LLC
Stafford, TX
Yasee Inc
Sugar Land, TX
Taqueria Mexicano Grille Inc
Stafford, TX
Ferna Inc
Sugar Land, TX
Heritage Restaurant Group LLC
Sugar Land, TX
Los Gallitos Mexican Cafe III Inc
Sugar Land, TX
Industry PPP Comparison Statistics
Nationwide, 309,144 businesses in the "Full-Service Restaurants" industry received a total of $40.98B in PPP loans. These businesses account for 3% of total PPP applications submitted, and received 6% of the total PPP funding allocated.
PPP recipients in this industry report an average of 23 employees, 667% higher than Marvolus Kitchen And Daiquiri Inc's reported 3 employees, and received an average PPP loan of $132,556, 1737% higher than this company's loan of $7,217.
Marvolus Kitchen And Daiquiri Inc
Entity: Subchapter S Corporation
Industry: Limited-Service Restaurants
Location: Stafford, TX
Tweet This
•
Search All PPP Data
Marvolus Kitchen And Daiquiri Inc is a subchapter s corporation located at 411 Dulles Ave in Stafford, Texas that received a Coronavirus-related PPP loan from the SBA of $6,275.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least eleven people during the applicable loan loan period.
$
PPP Loan Information
Loan #3478437302
Loan Size:
Jobs Retained:
11Loan Approved:
2020-04-29Loan Status:
Paid in Full or ForgivenLender:
Allegiance BankMarvolus Kitchen And Daiquiri Inc in Stafford, TX received a Paycheck Protection Loan of $6,275 through Allegiance 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 March, 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, Marvolus Kitchen And Daiquiri Inc's 2019 payroll expenses are estimated to be at least $30,120.
Based on their reported 11 jobs retained, this equals an estimated average yearly compensation of $2,738 per employee1
Reported PPP Proceed Usage:
On the PPP application, Marvolus Kitchen And Daiquiri Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $6,275
Business Information - Marvolus Kitchen And Daiquiri Inc in Stafford, TX
411 Dulles Ave
Stafford, TX 77477
Business Industry:
Limited-Service Restaurants
NAICS code 722513
Business Owner Demographics
Race: Unreported
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Demographics
Business Age: New Business or 2 years or less
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Similar Companies near Stafford
In the Stafford area, 119 businesses in the "Limited-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 87 employees (compared to this company's 11) and received an average PPP loan of $787,039 (compared to this company's $6,275).
Similar Nearby Businesses Who Received PPP Funding:
Txsdi 1124 LLC
Stafford, TX
Alkire Subway LP
Stafford, TX
GRA Enterprises Inc
Stafford, TX
Txsdi 4369, LLC
Stafford, TX
ARG Enterprises LLC
Stafford, TX
Subconscious Inc
Sugar Land, TX
Txsdi 1127, LLC
Stafford, TX
Txsdi 3561, LLC
Stafford, TX
AVA Wv LLC
Sugar Land, TX
Industry PPP Comparison Statistics
Nationwide, 127,949 businesses in the "Limited-Service Restaurants" industry received a total of $13.48B 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 22 employees, 100% higher than Marvolus Kitchen And Daiquiri Inc's reported 11 employees, and received an average PPP loan of $105,388, 1579% higher than this company's loan of $6,275.
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.
Have FederalPay.org's open data tools been valuable? Consider donating!