PPP Loan Data — Taqueria Autlan, Lubbock, TX
Taqueria Autlan is a corporation located at 2722 50th Street in Lubbock, Texas that received a Coronavirus-related PPP loan from the SBA of $46,100.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least ten people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Taqueria Autlan in Lubbock, TX received a Paycheck Protection Loan of $46,100 through City Bank, which was approved in April, 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 March, 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, Taqueria Autlan's 2019 payroll expenses are estimated to be at least $221,280.
Based on their reported 10 jobs retained, this equals an estimated average yearly compensation of $22,128 per employee1
Reported PPP Proceed Usage:
On the PPP application, Taqueria Autlan reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $36,880
- Utilities: $4,610
- Rent: $4,610
Business Information - Taqueria Autlan in Lubbock, TX
2722 50th Street
Lubbock, TX 79413
NAICS code 722511
Business Owner Demographics
Ethnicity: Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Lubbock
In the Lubbock area, 73 businesses in the "Full-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 31 employees (compared to this company's 10) and received an average PPP loan of $140,168 (compared to this company's $46,100).
Similar Nearby Businesses Who Received PPP Funding:
Josies Restaurant Number Three Inc
Gunga Galunga LLC
WO Amarillo, LLC
Fernando Ramos Investments, Inc
Taqueria Autlan Inc
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, 120% higher than Taqueria Autlan's reported 10 employees, and received an average PPP loan of $129,504, 181% higher than this company's loan of $46,100.
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Footnotes & Information
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