PPP Loan Data — Mumbai Darbar Inc, Alexandria, VA
Mumbai Darbar Inc is a corporation located at 512-a S. Van Dorn Street in Alexandria, Virginia that received a Coronavirus-related PPP loan from the SBA of $25,115.00 in June, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Wells Fargo Bank, National Association
Mumbai Darbar Inc in Alexandria, VA received a Paycheck Protection Loan of $25,115 through Wells Fargo Bank, National Association, which was approved in June, 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 May, 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, Mumbai Darbar Inc's 2019 payroll expenses are estimated to be at least $120,552.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $24,110 per employee1
Reported PPP Proceed Usage:
On the PPP application, Mumbai Darbar Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,115
Business Information - Mumbai Darbar Inc in Alexandria, VA
512-a S. Van Dorn Street
Alexandria, VA 22304
NAICS code 722511
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Alexandria
In the Alexandria area, 87 businesses in the "Full-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 12 employees (compared to this company's 5) and received an average PPP loan of $85,104 (compared to this company's $25,115).
Similar Nearby Businesses Who Received PPP Funding:
John Macbrian Inc
HUY Nhi Inc
Logan Food Company, Inc
El Paso Mexican Restaurant
Los Toltecos Of Alexandria Inc
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, 340% higher than Mumbai Darbar Inc's reported 5 employees, and received an average PPP loan of $129,504, 416% higher than this company's loan of $25,115.
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Footnotes & Information
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