PPP Loan Data — Mexican Grill, Poolesville, MD
Mexican Grill is a corporation located at 19710 Fisher Avenue Ste. K in Poolesville, Maryland that received a Coronavirus-related PPP loan from the SBA of $25,200.00 in April, 2020.
The company has reported itself as a female owned business, and employed at least five people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Manufacturers and Traders Trust Company
Mexican Grill in Poolesville, MD received a Paycheck Protection Loan of $25,200 through Manufacturers and Traders Trust Company, 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 April, 2021.
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, Mexican Grill's 2019 payroll expenses are estimated to be at least $120,960.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $24,192 per employee1
Reported PPP Proceed Usage:
On the PPP application, Mexican Grill reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $18,930
- Utilities: $1,770
- Rent: $4,500
Business Information - Mexican Grill in Poolesville, MD
19710 Fisher Avenue Ste. K
Poolesville, MD 20837
NAICS code 722511
Business Owner Demographics
Ethnicity: Hispanic or Latino
Gender: Female Owned
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Poolesville
In the Poolesville area, 7 businesses in the "Full-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 20 employees (compared to this company's 5) and received an average PPP loan of $88,734 (compared to this company's $25,200).
Similar Nearby Businesses Who Received PPP Funding:
Mexican Grill LLC
Cuginis Restaurant And Bar
Cuginis Restaurant & Bar, LLC
Yolo MD LLC
House Of Poolesville LLC
Industry PPP Comparison Statistics
Nationwide, 328,914 businesses in the "Full-Service Restaurants" industry received a total of $42.6B 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, 340% higher than Mexican Grill's reported 5 employees, and received an average PPP loan of $129,504, 414% higher than this company's loan of $25,200.
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Footnotes & Information
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