PPP Loan Data — MR. Wings Inc, Pensacola, FL
MR. Wings Inc is a corporation located at 3507 N Pace Blvd, in Pensacola, Florida 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
MR. Wings Inc in Pensacola, FL received a Paycheck Protection Loan of $25,000 through Regions Bank, 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 June, 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. Wings Inc's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 9 jobs retained, this equals an estimated average yearly compensation of $13,333 per employee1
Reported PPP Proceed Usage:
On the PPP application, MR. Wings Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - MR. Wings Inc in Pensacola, FL
3507 N Pace Blvd,
Pensacola, FL 32505
NAICS code 722513
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Pensacola
In the Pensacola area, 26 businesses in the "Limited-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 12 employees (compared to this company's 9) and received an average PPP loan of $45,156 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
Phillys Cheesesteaks And Hoagies
Jubilee Restaurant Group 2 LLC
Grant Miller, Inc
Hersheys Ice Cream Palafox LLC
MR. Pollo Of Pensacola, LLC
Jong Kuk Kim
Blue Water Of Pensacola
Nippon Express Inc
Industry PPP Comparison Statistics
Nationwide, 137,629 businesses in the "Limited-Service Restaurants" industry received a total of $13.9B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 2% of the total PPP funding allocated.
PPP recipients in this industry report an average of 21 employees, 133% higher than MR. Wings Inc's reported 9 employees, and received an average PPP loan of $100,980, 304% higher than this company's loan of $25,000.
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Footnotes & Information
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