PPP Loan Data — Raccoon Valley Management, LLC, Urbandale, IA
Raccoon Valley Management, LLC is a limited liability company (LLC) located at 2900 100th Street, Suite 103 in Urbandale, Iowa that received a Coronavirus-related PPP loan from the SBA of $2,031,102.00 in April, 2020. This business is a McDonalds franchise.
The company has reported itself as a White male owned business, and employed at least 500 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Raccoon Valley Management, LLC in Urbandale, IA received a Paycheck Protection Loan of $2.03M through Central Bank, which was approved in April, 2020.
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, Raccoon Valley Management, LLC's 2019 payroll expenses are estimated to be at least $9.75M.
Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $19,499 per employee1
Reported PPP Proceed Usage:
On the PPP application, Raccoon Valley Management, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,031,102
Business Information - Raccoon Valley Management, LLC in Urbandale, IA
2900 100th Street, Suite 103
Urbandale, IA 50322
NAICS code 722513
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Urbandale
In the Urbandale area, 26 businesses in the "Limited-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 43 employees (compared to this company's 500) and received an average PPP loan of $189,646 (compared to this company's $2.03M).
Similar Nearby Businesses Who Received PPP Funding:
Hospitality Restaurant Inc
Des Moines, IA
Nellis Seafood No 32, L.c
Nellis Seafood No 57, L.c
The Layover Inc
Des Moines, IA
Nellis Seafood No 15, L.c
Douglas Cafe, LLC
Nellis Seafood No 31, L.c
Nellis Seafood No 33, L.c
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, 96% lower than Raccoon Valley Management, LLC's reported 500 employees, and received an average PPP loan of $100,980, 95% lower than this company's loan of $2.03M.
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Footnotes & Information
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