PPP Loan Data — Tacos La Silla LLC, Mission, TX
Tacos La Silla LLC is a subchapter s corporation located at 808 W Expressway 83 in Mission, Texas that received a Coronavirus-related PPP loan from the SBA of $46,500.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least thirteen people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Tacos La Silla LLC in Mission, TX received a Paycheck Protection Loan of $46,500 through Rio Bank, 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, Tacos La Silla LLC's 2019 payroll expenses are estimated to be at least $223,200.
Based on their reported 13 jobs retained, this equals an estimated average yearly compensation of $17,169 per employee1
Reported PPP Proceed Usage:
On the PPP application, Tacos La Silla LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,500
Business Information - Tacos La Silla LLC in Mission, TX
808 W Expressway 83
Mission, TX 78572
NAICS code 722511
Business Owner Demographics
Ethnicity: Hispanic or Latino
Gender: Male Owned
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Mission
In the Mission area, 113 businesses in the "Full-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 16 employees (compared to this company's 13) and received an average PPP loan of $59,889 (compared to this company's $46,500).
Similar Nearby Businesses Who Received PPP Funding:
Alfonso V. Villarreal
Restaurant Robin LP
Collision Masters, Inc
BWR Mcallen II Inc
Sanchez & Valadez Family LLC
Taqueria La Herradura 3 LLC
Rio Pilon Pit LLC
El Puerto Del Tio Jerry LLC
314 N Shary LLC
Industry PPP Comparison Statistics
Nationwide, 328,914 businesses in the "Full-Service Restaurants" industry received a total of $42.6B in PPP loans. These businesses account for 3% of total PPP applications submitted, and received 5% of the total PPP funding allocated.
PPP recipients in this industry report an average of 22 employees, 69% higher than Tacos La Silla LLC's reported 13 employees, and received an average PPP loan of $129,504, 179% higher than this company's loan of $46,500.
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Footnotes & Information
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