PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Ricardos On The Beach Inc, La Habra, CA

ALERT: There are 2 PPP loans for a total of $270,614 in our database for businesses with the name "Ricardos On The Beach Inc" in La Habra, CA. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for Ricardos On The Beach Inc
CA

Ricardos On The Beach Inc

Entity: Corporation

Industry: Full-Service Restaurants

Location: La Habra, CA

Search All PPP Data

Ricardos On The Beach Inc is a corporation located at 1351 S Beach Blvd in La Habra, California that received a Coronavirus-related PPP loan from the SBA of $162,991.00 in March, 2021.

$ PPP Loan Information
Loan #1776988603

Loan Size:

$162,991

Jobs Retained:

24

Loan Approved:

2021-03-13

Loan Status:

Active Un-Disbursed

Lender:

Wells Fargo Bank, National Association
PPP Funds Undisbursed

Ricardos On The Beach Inc in La Habra, CA received a Paycheck Protection Loan of $162,991 through Wells Fargo Bank, National Association, which was approved in March, 2021.

While this loan has been approved by the Small Business Administration, the lender has not reported to the SBA that the loan funds were disbursed to the borrower. According to SBA records, a total of $162,991 in approved PPP funding has not been disbursed. 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

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, Ricardos On The Beach Inc's 2019 payroll expenses are estimated to be at least $782,357.

Based on their reported 24 jobs retained, this equals an estimated average yearly compensation of $32,598 per employee1

Reported PPP Proceed Usage:

On the PPP application, Ricardos On The Beach Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $162,985
  • Utilities: $1

Business Information - Ricardos On The Beach Inc in La Habra, CA

Ricardos On The Beach Inc
1351 S Beach Blvd
La Habra, CA 90631

Business Industry:
Full-Service Restaurants
NAICS code 722511

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: Y

HUBZone: N

Rural / Urban: Urban

Orange County, CA — SBA Office 0920 — Congressional District: CA-39

Similar Companies near La Habra

In the La Habra area, 111 businesses in the "Full-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 31 employees (compared to this company's 24) and received an average PPP loan of $423,853 (compared to this company's $162,991).

Industry PPP Comparison Statistics

Nationwide, 309,144 businesses in the "Full-Service Restaurants" industry received a total of $40.98B in PPP loans. These businesses account for 3% of total PPP applications submitted, and received 6% of the total PPP funding allocated.

PPP recipients in this industry report an average of 23 employees, 4% lower than Ricardos On The Beach Inc's reported 24 employees, and received an average PPP loan of $132,556, 19% lower than this company's loan of $162,991.

SBA PPP loan data, payroll data, and salaries for Ricardos On The Beach Inc
CA

Ricardos On The Beach Inc

Entity: Corporation

Industry: Full-Service Restaurants

Location: La Habra, CA

Search All PPP Data

Ricardos On The Beach Inc is a corporation located at 1351 S. Beach Blvd Suite H in La Habra, California that received a Coronavirus-related PPP loan from the SBA of $107,623.00 in May, 2020.

$ PPP Loan Information
Loan #3678247407

Loan Size:

$107,623

Jobs Retained:

24

Loan Approved:

2020-05-07

Loan Status:

Ongoing Loan

Lender:

Wells Fargo Bank, National Association

Ricardos On The Beach Inc in La Habra, CA received a Paycheck Protection Loan of $107,623 through Wells Fargo Bank, National Association, which was approved in May, 2020.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, Ricardos On The Beach Inc's 2019 payroll expenses are estimated to be at least $516,590.

Based on their reported 24 jobs retained, this equals an estimated average yearly compensation of $21,525 per employee1

Reported PPP Proceed Usage:

On the PPP application, Ricardos On The Beach Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $107,623

Business Information - Ricardos On The Beach Inc in La Habra, CA

Ricardos On The Beach Inc
1351 S. Beach Blvd Suite H
La Habra, CA 90631

Business Industry:
Full-Service Restaurants
NAICS code 722511

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Orange County, CA — SBA Office 0920 — Congressional District: CA-39

Similar Companies near La Habra

In the La Habra area, 111 businesses in the "Full-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 31 employees (compared to this company's 24) and received an average PPP loan of $423,853 (compared to this company's $107,623).

Industry PPP Comparison Statistics

Nationwide, 309,144 businesses in the "Full-Service Restaurants" industry received a total of $40.98B in PPP loans. These businesses account for 3% of total PPP applications submitted, and received 6% of the total PPP funding allocated.

PPP recipients in this industry report an average of 23 employees, 4% lower than Ricardos On The Beach Inc's reported 24 employees, and received an average PPP loan of $132,556, 23% higher than this company's loan of $107,623.

FederalPay's PPP Information Policy

Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan.

All information displayed on this page is publicly available information under PPP loan guidelines, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Estimations for informational purposes only. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.

2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.


Have FederalPay.org's open data tools been valuable? Consider donating!

** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/ricardos-on-the-beach-inc-la-habra-ca