PPP Loan Data — Peter Ketebu DBA Crazy Catfish Restauran, Garland, TX
Peter Ketebu DBA Crazy Catfish Restauran is a sole proprietorship located at 805 W Centerville Rd in Garland, Texas that received a Coronavirus-related PPP loan from the SBA of $25,223.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Wells Fargo Bank, National Association
Peter Ketebu DBA Crazy Catfish Restauran in Garland, TX received a Paycheck Protection Loan of $25,223 through Wells Fargo Bank, National Association, 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 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, Peter Ketebu DBA Crazy Catfish Restauran's 2019 payroll expenses are estimated to be at least $121,070.
Based on their reported 9 jobs retained, this equals an estimated average yearly compensation of $13,452 per employee1
Reported PPP Proceed Usage:
On the PPP application, Peter Ketebu DBA Crazy Catfish Restauran reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,223
Business Information - Peter Ketebu DBA Crazy Catfish Restauran in Garland, TX
805 W Centerville Rd
Garland, TX 75041
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 Garland
In the Garland area, 83 businesses in the "Full-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 13 employees (compared to this company's 9) and received an average PPP loan of $57,971 (compared to this company's $25,223).
Similar Nearby Businesses Who Received PPP Funding:
Chen's Flaming Buffet LLC
Debi's Texas Cafe Inc
DOS Banderas Inc. DBA Dos Banderas Garland
Parks Place Restaurant LLC
Delicious Wok, Inc
Bbbh Enterprises Inc
Corral & Hernandez 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 Peter Ketebu DBA Crazy Catfish Restauran's reported 9 employees, and received an average PPP loan of $129,504, 413% higher than this company's loan of $25,223.
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Footnotes & Information
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