PPP Loan Data — Subs On Casa Blanca LLC, Laredo, TX
Subs On Casa Blanca LLC is a limited liability company (LLC) located at 2402 Bob Bullock Loop 6 in Laredo, Texas that received a Coronavirus-related PPP loan from the SBA of $25,225.00 in May, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:JPMorgan Chase Bank, National Association
Subs On Casa Blanca LLC in Laredo, TX received a Paycheck Protection Loan of $25,225 through JPMorgan Chase 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 February, 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, Subs On Casa Blanca LLC's 2019 payroll expenses are estimated to be at least $121,080.
Based on their reported 9 jobs retained, this equals an estimated average yearly compensation of $13,453 per employee1
Reported PPP Proceed Usage:
On the PPP application, Subs On Casa Blanca LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $17,825
- Utilities: $1,600
- Rent: $5,800
Business Information - Subs On Casa Blanca LLC in Laredo, TX
2402 Bob Bullock Loop 6
Laredo, TX 78043
NAICS code 722513
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Laredo
In the Laredo area, 2 businesses in the "Limited-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 10 employees (compared to this company's 9) and received an average PPP loan of $37,363 (compared to this company's $25,225).
Similar Nearby Businesses Who Received PPP Funding:
SDI Of Laredo #2
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, 133% higher than Subs On Casa Blanca LLC's reported 9 employees, and received an average PPP loan of $100,980, 300% higher than this company's loan of $25,225.
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Footnotes & Information
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