PPP Loan Data — Mazaa Kabob House Inc, Tracy, CA
Mazaa Kabob House Inc is a corporation located at 2745 Naglee Rd in Tracy, California that received a Coronavirus-related PPP loan from the SBA of $46,275.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Bank of America, National Association
Mazaa Kabob House Inc in Tracy, CA received a Paycheck Protection Loan of $46,275 through Bank of America, National Association, which was approved in May, 2020.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based 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, Mazaa Kabob House Inc's 2019 payroll expenses are estimated to be at least $222,120.
Based on their reported 12 jobs retained, this equals an estimated average yearly compensation of $18,510 per employee1
Reported PPP Proceed Usage:
On the PPP application, Mazaa Kabob House Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,275
Business Information - Mazaa Kabob House Inc in Tracy, CA
2745 Naglee Rd
Tracy, CA 95304
NAICS code 722513
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Tracy
In the Tracy area, 16 businesses in the "Limited-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 9 employees (compared to this company's 12) and received an average PPP loan of $46,672 (compared to this company's $46,275).
Similar Nearby Businesses Who Received PPP Funding:
GK BBQ Restaurants Inc
The Grant Bar And Lounge LLC
The [email protected], LLC
HP & Sons Inc
Industry PPP Comparison Statistics
Nationwide, 137,629 businesses in the "Limited-Service Restaurants" industry received a total of $13.9B 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, 75% higher than Mazaa Kabob House Inc's reported 12 employees, and received an average PPP loan of $100,980, 118% higher than this company's loan of $46,275.
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Footnotes & Information
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