PPP Loan Data — ST. Mar 2.0 Incorporated, Escondido, CA
ST. Mar 2.0 Incorporated is a corporation located at 627 N Escondido Blvd in Escondido, California that received a Coronavirus-related PPP loan from the SBA of $1,764,300.00 in April, 2020. This business is a Taco Bell franchise.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Western Alliance Bank
ST. Mar 2.0 Incorporated in Escondido, CA received a Paycheck Protection Loan of $1.76M through Western Alliance Bank, 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 June, 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, ST. Mar 2.0 Incorporated's 2019 payroll expenses are estimated to be at least $8.47M.
Based on their reported 375 jobs retained, this equals an estimated average yearly compensation of $22,583 per employee1
Reported PPP Proceed Usage:
On the PPP application, ST. Mar 2.0 Incorporated reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,506,800
- Rent: $257,500
Business Information - ST. Mar 2.0 Incorporated in Escondido, CA
627 N Escondido Blvd
Escondido, CA 92025
NAICS code 722513
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Escondido
In the Escondido area, 77 businesses in the "Limited-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 83 employees (compared to this company's 375) and received an average PPP loan of $547,650 (compared to this company's $1.76M).
Similar Nearby Businesses Who Received PPP Funding:
Pony Expresso Cafe
RL Serrano Enterprises Inc
Chicken Lisas & Your Mexican Favorites
Lofty Coffee Inc
Rico's Taco Shop
Rivera Eb Inc
OPH Of Rancho Santa Fe LLC
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, 94% lower than ST. Mar 2.0 Incorporated's reported 375 employees, and received an average PPP loan of $100,980, 94% lower than this company's loan of $1.76M.
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Footnotes & Information
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