PPP Loan Data — Taqueria El 14, Moorpark, CA
Taqueria El 14 is a sole proprietorship located at 329 Esther Ave in Moorpark, California that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in July, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Bank of America, National Association
Taqueria El 14 in Moorpark, CA received a Paycheck Protection Loan of $25,000 through Bank of America, National Association, which was approved in July, 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, Taqueria El 14's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $30,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, Taqueria El 14 reported intending to use the proceeds of their PPP loan for the following expenses:
- Utilities: $25,000
Business Information - Taqueria El 14 in Moorpark, CA
329 Esther Ave
Moorpark, CA 93021
NAICS code 722513
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Moorpark
In the Moorpark area, 16 businesses in the "Limited-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 12 employees (compared to this company's 4) and received an average PPP loan of $57,049 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
MVS Subway Inc
Aristo Subway Inc
Michael John Lemmo
MAI Sushi Inc
MIR Ahmad Farid
Oak View, CA
The Raspado House Corp
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, 425% higher than Taqueria El 14's reported 4 employees, and received an average PPP loan of $100,980, 304% higher than this company's loan of $25,000.
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Footnotes & Information
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