PPP Loan Data — Stefani Mangrum DBA City Treats Parties, Albuquerque, NM
Stefani Mangrum DBA City Treats Parties is a sole proprietorship located at 1701 4th. St. Sw in Albuquerque, New Mexico that received a Coronavirus-related PPP loan from the SBA of $25,312.00 in April, 2020.
The company has reported itself as a White female owned business, and employed at least eight people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Stefani Mangrum DBA City Treats Parties in Albuquerque, NM received a Paycheck Protection Loan of $25,312 through BBVA USA, 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, Stefani Mangrum DBA City Treats Parties' 2019 payroll expenses are estimated to be at least $121,498.
Based on their reported 8 jobs retained, this equals an estimated average yearly compensation of $15,187 per employee1
Reported PPP Proceed Usage:
On the PPP application, Stefani Mangrum DBA City Treats Parties reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,312
Business Information - Stefani Mangrum DBA City Treats Parties in Albuquerque, NM
1701 4th. St. Sw
Albuquerque, NM 87102
Business Owner Demographics
Ethnicity: Hispanic or Latino
Gender: Female Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Industry PPP Comparison Statistics
PPP recipients in this industry report an average of 0 employees, 100% lower than Stefani Mangrum DBA City Treats Parties' reported 8 employees, and received an average PPP loan of $0, 100% lower than this company's loan of $25,312.
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Footnotes & Information
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