PPP Loan Data — RJ Gusinje LLC, Amarillo, TX
RJ Gusinje LLC is a subchapter s corporation located at 700 S Taylor St in Amarillo, Texas that received a Coronavirus-related PPP loan from the SBA of $46,297.00 in May, 2020.
The company has reported itself as a male owned business, and employed at least ten people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Golden Bank, National Association
RJ Gusinje LLC in Amarillo, TX received a Paycheck Protection Loan of $46,297 through Golden Bank, National Association, which was approved in May, 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, RJ Gusinje LLC's 2019 payroll expenses are estimated to be at least $222,226.
Based on their reported 10 jobs retained, this equals an estimated average yearly compensation of $22,223 per employee1
Reported PPP Proceed Usage:
On the PPP application, RJ Gusinje LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,297
Business Information - RJ Gusinje LLC in Amarillo, TX
700 S Taylor St
Amarillo, TX 79101
NAICS code 722511
Business Owner Demographics
Gender: Male Owned
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Amarillo
In the Amarillo area, 36 businesses in the "Full-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 20 employees (compared to this company's 10) and received an average PPP loan of $99,307 (compared to this company's $46,297).
Similar Nearby Businesses Who Received PPP Funding:
Youngblood's Cafe & Catering Company LLC
Champs Sports Bar & Grill LLC
It's All Bs, LLC
R J Gusinje LLC
Ccjs Enterprises LP
BRJ Elite, LLC
Thai Town Restaurant
Amarillo C & B, LLC
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, 120% higher than RJ Gusinje LLC's reported 10 employees, and received an average PPP loan of $129,504, 180% higher than this company's loan of $46,297.
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Footnotes & Information
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