PPP Loan Data — Menendez Management Corp, Miami, FL
Menendez Management Corp is a corporation located at 1430 S Dixie Hwy 311 in Miami, Florida that received a Coronavirus-related PPP loan from the SBA of $2,472,900.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:BankUnited, National Association
Menendez Management Corp in Miami, FL received a Paycheck Protection Loan of $2.47M through BankUnited, National Association, which was approved in April, 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, Menendez Management Corp's 2019 payroll expenses are estimated to be at least $11.87M.
Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $23,740 per employee1
Reported PPP Proceed Usage:
On the PPP application, Menendez Management Corp reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,472,900
Business Information - Menendez Management Corp in Miami, FL
1430 S Dixie Hwy 311
Miami, FL 33146
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 Miami
In the Miami area, 42 businesses in the "Limited-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 37 employees (compared to this company's 500) and received an average PPP loan of $256,729 (compared to this company's $2.47M).
Similar Nearby Businesses Who Received PPP Funding:
Marshall & Gregory VIII, LLC
West Palm Beach, FL
Cajun And Grill Of America, Inc
Coral Gables, FL
D'vine By 9701 LLC
Imperial Tea LLC
Coral Gables, FL
BAM Food Service III, LLC
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, 96% lower than Menendez Management Corp's reported 500 employees, and received an average PPP loan of $100,980, 96% lower than this company's loan of $2.47M.
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Footnotes & Information
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