PPP Loan Data — Taqueria El Sol LLC, Metter, GA
Taqueria El Sol LLC is a limited liability company (LLC) located at 39 Ne Broad St in Metter, Georgia that received a Coronavirus-related PPP loan from the SBA of $24,900.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Queensborough National Bank and Trust Company
Taqueria El Sol LLC in Metter, GA received a Paycheck Protection Loan of $24,900 through Queensborough National Bank and Trust Company, 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, Taqueria El Sol LLC's 2019 payroll expenses are estimated to be at least $119,520.
Based on their reported 7 jobs retained, this equals an estimated average yearly compensation of $17,074 per employee1
Reported PPP Proceed Usage:
On the PPP application, Taqueria El Sol LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $19,920
- Utilities: $2,490
- Mortgage Interest: $2,490
Business Information - Taqueria El Sol LLC in Metter, GA
39 Ne Broad St
Metter, GA 30439
NAICS code 722511
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Rural
Similar Companies near Metter
In the Metter area, 10 businesses in the "Full-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 22 employees (compared to this company's 7) and received an average PPP loan of $66,652 (compared to this company's $24,900).
Similar Nearby Businesses Who Received PPP Funding:
K And K Mgt Inc
Papa Bucks BBQ, LLC
Las Joyas, LLC
Eat More BBQ, LLC
Papa Bucks II, 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, 214% higher than Taqueria El Sol LLC's reported 7 employees, and received an average PPP loan of $129,504, 420% higher than this company's loan of $24,900.
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Footnotes & Information
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