PPP Loan Data — River City Eatery LLC, Windom, MN
River City Eatery LLC is a limited liability company (LLC) located at 344 10th St in Windom, Minnesota that received a Coronavirus-related PPP loan from the SBA of $25,100.00 in April, 2020.
The company has reported itself as a White female owned business, and employed at least fourteen people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:United Prairie Bank
River City Eatery LLC in Windom, MN received a Paycheck Protection Loan of $25,100 through United Prairie 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, River City Eatery LLC's 2019 payroll expenses are estimated to be at least $120,480.
Based on their reported 14 jobs retained, this equals an estimated average yearly compensation of $8,606 per employee1
Reported PPP Proceed Usage:
On the PPP application, River City Eatery LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,100
Business Information - River City Eatery LLC in Windom, MN
344 10th St
Windom, MN 56101
NAICS code 722511
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Female Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Rural
Similar Companies near Windom
In the Windom area, 10 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 14) and received an average PPP loan of $61,768 (compared to this company's $25,100).
Similar Nearby Businesses Who Received PPP Funding:
Bergen Bar & Grill Inc
Plaza Jalisco II Co
Phat Pheasant Pub Inc
Plaza Jalisco II
Windom Duffy's Inc
Bergen Bar And Grill 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, 57% higher than River City Eatery LLC's reported 14 employees, and received an average PPP loan of $129,504, 416% higher than this company's loan of $25,100.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!