PPP Loan Data — Mi Pueblo Latin Market, Inc, Aurora, CO
Mi Pueblo Latin Market, Inc
Location: Aurora, COTweet This • Search All PPP Data
Mi Pueblo Latin Market, Inc is a corporation located at 15421 E Batavia Dr in Aurora, Colorado that received a Coronavirus-related PPP loan from the SBA of $1,573,202.00 in May, 2020.
The company has reported itself as a male owned business, and employed at least 281 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:JPMorgan Chase Bank, National Association
Mi Pueblo Latin Market, Inc in Aurora, CO received a Paycheck Protection Loan of $1.57M through JPMorgan Chase Bank, 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, Mi Pueblo Latin Market, Inc's 2019 payroll expenses are estimated to be at least $7.55M.
Based on their reported 281 jobs retained, this equals an estimated average yearly compensation of $26,873 per employee1
Reported PPP Proceed Usage:
On the PPP application, Mi Pueblo Latin Market, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,426,202
- Utilities: $46,000
- Mortgage Interest: $9,500
- Rent: $85,000
- Health Care: $6,500
Business Information - Mi Pueblo Latin Market, Inc in Aurora, CO
15421 E Batavia Dr
Aurora, CO 80011
Supermarkets and Other Grocery (except Convenience) Stores
NAICS code 445110
Business Owner Demographics
Ethnicity: Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Aurora
In the Aurora area, 22 businesses in the "Supermarkets and Other Grocery (except Convenience) Stores" industry received a PPP loan. These local businesses reported an average of 22 employees (compared to this company's 281) and received an average PPP loan of $121,889 (compared to this company's $1.57M).
Similar Nearby Businesses Who Received PPP Funding:
Megenagna Grocery, LLC
Ghana International Market
Makola African Market
IBA Ra Him
POM International Market LLC
Industry PPP Comparison Statistics
Nationwide, 25,599 businesses in the "Supermarkets and Other Grocery (except Convenience) Stores" industry received a total of $2.27B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 18 employees, 94% lower than Mi Pueblo Latin Market, Inc's reported 281 employees, and received an average PPP loan of $88,740, 94% lower than this company's loan of $1.57M.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!