NV

Mcdonalds

Entity: Sole Proprietorship

Industry: Limited-Service Restaurants

Location: Las Vegas, NV

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Mcdonalds is a sole proprietorship located at 840 South Rancho Drive in Las Vegas, Nevada that received a Coronavirus-related PPP loan from the SBA of $182,486.00 in April, 2020.

The company has reported itself as a male owned business, and employed at least 39 people during the applicable loan loan period.

$ PPP Loan Information

Mcdonalds received a Paycheck Protection Loan of $182,486 through CBW BANK, which was approved in April, 2020.

2019 Payroll Estimations based On PPP Amount:

Assuming all employees were paid over the $100k eligibility cap, the minimum number of employees this company must have had in 2019 to qualify for the loan range received is 0.

Based on standard PPP eligibility rules, Mcdonalds' total 2019 payroll expenses were approximately $875,933 in order to qualify for the PPP loan amount received.

Based on their reported 39 jobs retained, this equals an estimated average yearly compensation of $22,460 per employee¹.

Business Information - Mcdonalds in Las Vegas, NV

Similar Companies near Las Vegas

In the Las Vegas area, 13 businesses in the "Limited-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 72 employees (compared to this company's 39) and received an average PPP loan of $527,065 (compared to this company's $182,486).

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, 41% lower than Mcdonalds' reported 39 employees, and received an average PPP loan of $120,904, 34% lower than this company's loan of $182,486.