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PPP Loan Data — Mitra Midwest Operations, LLC,
Plano, TX
Mitra Midwest Operations, LLC
Entity: Limited Liability Company (LLC)
Industry: Full-Service Restaurants
Location: Plano, TX
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Mitra Midwest Operations, LLC is a limited liability company (LLC) located at 7250 Dallas Pkwy in Plano, Texas that received a Coronavirus-related PPP loan from the SBA of $3,462,000.00 in April, 2020.
The company has reported itself as an Asian male owned business, and employed at least 500 people during the applicable loan loan period.
$ PPP Loan Information
Loan Size:
Jobs Retained:
500Loan Approved:
2020-04-15Lender:
CADENCE BANK, NATIONAL ASSOCIATIONMitra Midwest Operations, LLC received a Paycheck Protection Loan of $3.46M through CADENCE BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Mitra Midwest Operations, LLC's total 2019 payroll expenses were approximately $16.62M in order to qualify for the PPP loan amount received.
Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $33,235 per employee1.
Business Information - Mitra Midwest Operations, LLC in Plano, TX
7250 Dallas Pkwy
Plano, TX 75024
Business Industry
Full-Service Restaurants (NAICS code 722511)
Business Owner Demographics
Race / Ethnicity: ASIAN
Gender: MALE OWNED
Veteran Status: NON-VETERAN
Congressional District: TX-03Similar Companies near Plano
In the Plano area, 126 businesses in the "Full-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 28 employees (compared to this company's 500) and received an average PPP loan of $184,248 (compared to this company's $3.46M).
Similar Nearby Businesses Who Received PPP Funding:
Cafe Istanbul, Inc.
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Kyson Inc
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Treminio & Alfaro, Inc.
Plano, TX
Old World Restaurants LLC
Plano, TX
Legacy Restaurant Group, LTD
Plano, TX
Bellagreen Texas, LLC
Plano, TX
Joinus Inc
Plano, TX
Bella Italia Plano, LLC
Plano, TX
Viridescent Kitchen, LLC
Plano, TX
Industry PPP Comparison Statistics
Nationwide, 175,054 businesses in the "Full-Service Restaurants" industry received a total of $20,426,260,320.00 in PPP loans. These businesses account for 3% of total PPP applications submitted, and received 4% of the total PPP funding allocated.
PPP recipients in this industry report an average of 20 employees, 96% lower than Mitra Midwest Operations, LLC's reported 500 employees, and received an average PPP loan of $116,685, 97% lower than this company's loan of $3.46M.
FederalPay's PPP Information Policy
Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan.
All information displayed on this page is publicly available information under PPP loan guidelines, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA.
Footnotes & Information
1. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.
2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.
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