PPP Loan Data — Moses Kountry Health Food Store Inc, Los Ranchos, NM
Moses Kountry Health Food Store Inc
Location: Los Ranchos, NMTweet This • Search All PPP Data
Moses Kountry Health Food Store Inc is a corporation located at 7115 4th St Nw in Los Ranchos, New Mexico that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Bank of America, National Association
Moses Kountry Health Food Store Inc in Los Ranchos, NM received a Paycheck Protection Loan of $25,000 through Bank of America, National Association, 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 January, 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, Moses Kountry Health Food Store Inc's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $24,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, Moses Kountry Health Food Store Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - Moses Kountry Health Food Store Inc in Los Ranchos, NM
7115 4th St Nw
Los Ranchos, NM 87107
All Other Miscellaneous Store Retailers (except Tobacco Stores)
NAICS code 453998
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Los Ranchos
In the Los Ranchos area, 49 businesses in the "All Other Miscellaneous Store Retailers (except Tobacco Stores)" industry received a PPP loan. These local businesses reported an average of 6 employees (compared to this company's 5) and received an average PPP loan of $31,587 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
Willow Village LLC
Yashoda Naidoo Inc
Frame City LLC
TGL Furniture And Mattress
Public Lands Interpretive Association
Los Ranchos, NM
Bikeworks Albuquerque LLC
Industry PPP Comparison Statistics
Nationwide, 152,436 businesses in the "All Other Miscellaneous Store Retailers (except Tobacco Stores)" industry received a total of $5.23B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 4 employees, 20% lower than Moses Kountry Health Food Store Inc's reported 5 employees, and received an average PPP loan of $34,329, 37% higher than this company's loan of $25,000.
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Footnotes & Information
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