PPP Loan Data — Namaste F&B LLC, Alexandria, VA
Namaste F&B LLC is a limited liability company (LLC) located at 6138 Rose Hill Dr in Alexandria, Virginia that received a Coronavirus-related PPP loan from the SBA of $46,425.00 in May, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Bank of America, National Association
Namaste F&B LLC in Alexandria, VA received a Paycheck Protection Loan of $46,425 through Bank of America, National Association, which was approved in May, 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 April, 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, Namaste F&B LLC's 2019 payroll expenses are estimated to be at least $222,840.
Based on their reported 9 jobs retained, this equals an estimated average yearly compensation of $24,760 per employee1
Reported PPP Proceed Usage:
On the PPP application, Namaste F&B LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,425
Business Information - Namaste F&B LLC in Alexandria, VA
6138 Rose Hill Dr
Alexandria, VA 22310
NAICS code 722511
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Alexandria
In the Alexandria area, 25 businesses in the "Full-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 19 employees (compared to this company's 9) and received an average PPP loan of $111,546 (compared to this company's $46,425).
Similar Nearby Businesses Who Received PPP Funding:
Bob & Edith's Diner V, LLC
Lg&H Associates Inc
Thai Gourmet International
Bob & Edith's Diner LLC
Kumo Asian Bistro Inc
Rice Noodles Thai Gourmet
P R Restaurant 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, 144% higher than Namaste F&B LLC's reported 9 employees, and received an average PPP loan of $129,504, 179% higher than this company's loan of $46,425.
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Footnotes & Information
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