PPP Loan Data — MR. Menudo #1 LLC, Odessa, TX
MR. Menudo #1 LLC is a limited liability company (LLC) located at 240 E Harrisburg in Odessa, Texas that received a Coronavirus-related PPP loan from the SBA of $45,888.00 in January, 2021.
The company has reported itself as a White male owned business, and employed at least four people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
MR. Menudo #1 LLC in Odessa, TX received a Paycheck Protection Loan of $45,888 through Prosperity Bank, which was approved 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, MR. Menudo #1 LLC's 2019 payroll expenses are estimated to be at least $220,262.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $55,066 per employee1
Reported PPP Proceed Usage:
On the PPP application, MR. Menudo #1 LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $45,882
- Utilities: $1
Business Information - MR. Menudo #1 LLC in Odessa, TX
240 E Harrisburg
Odessa, TX 79766
NAICS code 722511
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: N
Rural / Urban: Urban
Similar Companies near Odessa
In the Odessa area, 20 businesses in the "Full-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 23 employees (compared to this company's 4) and received an average PPP loan of $177,983 (compared to this company's $45,888).
Similar Nearby Businesses Who Received PPP Funding:
Frisky Brewing Company
SDI 6429 Odessa LLC
La Burreria, LLC
Red Oak Kitchen - Odessa Series 3
D.s. Fabela's Restaurant, LLC
MIS Suenos, Inc
Skoopy's Island, 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, 450% higher than MR. Menudo #1 LLC's reported 4 employees, and received an average PPP loan of $129,504, 182% higher than this company's loan of $45,888.
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Footnotes & Information
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