PPP Loan Data — Taco Inc, Cranston, RI
Entity: Subchapter S Corporation
Location: Cranston, RITweet This • Search All PPP Data
Taco Inc is a subchapter s corporation located at 1160 Cranston St in Cranston, Rhode Island that received a Coronavirus-related PPP loan from the SBA of $8,158,133.00 in April, 2020.
$ PPP Loan Information
Lender:THE WASHINGTON TRUST COMPANY OF WESTERLY
Taco Inc in Cranston, RI received a Paycheck Protection Loan of $8.16M through THE WASHINGTON TRUST COMPANY OF WESTERLY, which was approved in April, 2020.
Based on standard PPP eligibility rules, Taco Inc's total 2019 payroll expenses were approximately $39.16M in order to qualify for the PPP loan amount received.
Based on their reported 478 jobs retained, this equals an estimated average yearly compensation of $81,923 per employee1.
Business Information - Taco Inc in Cranston, RI
1160 Cranston St
Cranston, RI 02920
Heating Equipment (except Warm Air Furnaces) Manufacturing (NAICS code 333414)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: RI-02
Industry PPP Comparison Statistics
Nationwide, 364 businesses in the "Heating Equipment (except Warm Air Furnaces) Manufacturing" industry received a total of $107,057,565.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 22 employees, 95% lower than Taco Inc's reported 478 employees, and received an average PPP loan of $294,114, 96% lower than this company's loan of $8.16M.
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Footnotes & Information
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