PPP Loan Data — SWH Mimis Cafe LLC, Richardson, TX
SWH Mimis Cafe LLC is a limited liability company (LLC) located at 3400 N Central Expy in Richardson, Texas that received a Coronavirus-related PPP loan from the SBA of $10,000,000.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least 500 people during the applicable loan loan period.
$ PPP Loan Information
Lender:UNITED BUSINESS BANK
SWH Mimis Cafe LLC in Richardson, TX received a Paycheck Protection Loan of $10M through UNITED BUSINESS BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, SWH Mimis Cafe LLC's total 2019 payroll expenses were approximately $48M in order to qualify for the PPP loan amount received.
Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $96,000 per employee1.
Business Information - SWH Mimis Cafe LLC in Richardson, TX
3400 N Central Expy
Richardson, TX 75080
Full-Service Restaurants (NAICS code 722511)
Business Owner Demographics
Race / Ethnicity: WHITE
Gender: MALE OWNED
Veteran Status: NON-VETERANCongressional District: TX-32
Similar Companies near Richardson
In the Richardson area, 91 businesses in the "Full-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 33 employees (compared to this company's 500) and received an average PPP loan of $352,587 (compared to this company's $10M).
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Kulwinder Dhaliwal, Kulwinder Singh & Parmjit Dhillion
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Naseem Investment Group LLC
Tasty Plus Barbecue, Inc.
Genroku Sushi & Grill, LLC
Industry PPP Comparison Statistics
Nationwide, 175,054 businesses in the "Full-Service Restaurants" industry received a total of $20,426,260,320.00 in PPP loans. These businesses account for 3% of total PPP applications submitted, and received 4% of the total PPP funding allocated.
PPP recipients in this industry report an average of 20 employees, 96% lower than SWH Mimis Cafe LLC's reported 500 employees, and received an average PPP loan of $116,685, 99% lower than this company's loan of $10M.
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