PPP Loan Data — Paris Banh Mi LLC, Orlando, FL
Paris Banh Mi LLC is a limited liability company (LLC) located at 1021 E Colonial Dr in Orlando, Florida that received a Coronavirus-related PPP loan from the SBA of $25,084.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Truist Bank d/b/a Branch Banking & Trust Co
Paris Banh Mi LLC in Orlando, FL received a Paycheck Protection Loan of $25,084 through Truist Bank d/b/a Branch Banking & Trust Co, 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 March, 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, Paris Banh Mi LLC's 2019 payroll expenses are estimated to be at least $120,403.
Based on their reported 13 jobs retained, this equals an estimated average yearly compensation of $9,262 per employee1
Reported PPP Proceed Usage:
On the PPP application, Paris Banh Mi LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $15,084
- Refinance EIDL: $10,000
Business Information - Paris Banh Mi LLC in Orlando, FL
1021 E Colonial Dr
Orlando, FL 32803
NAICS code 722513
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Orlando
In the Orlando area, 45 businesses in the "Limited-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 13 employees (compared to this company's 13) and received an average PPP loan of $59,913 (compared to this company's $25,084).
Similar Nearby Businesses Who Received PPP Funding:
Le-Vie Investment LLC
The JJ Group LLC
BBD One Inc
POM Poms Teahouse And Sandwicheria Inc
2406 E Robinson, LLC
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, 62% higher than Paris Banh Mi LLC's reported 13 employees, and received an average PPP loan of $100,980, 303% higher than this company's loan of $25,084.
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Footnotes & Information
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