PPP Loan Data — Taqueria Los Compadres, Riverbank, CA
Taqueria Los Compadres is a partnership located at 2236 Alarose Way in Riverbank, California that received a Coronavirus-related PPP loan from the SBA of $25,435.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Bank of America, National Association
Taqueria Los Compadres in Riverbank, CA received a Paycheck Protection Loan of $25,435 through Bank of America, National Association, which was approved in May, 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 Los Compadres' 2019 payroll expenses are estimated to be at least $122,088.
Based on their reported 9 jobs retained, this equals an estimated average yearly compensation of $13,565 per employee1
Reported PPP Proceed Usage:
On the PPP application, Taqueria Los Compadres reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,435
Business Information - Taqueria Los Compadres in Riverbank, CA
2236 Alarose Way
Riverbank, CA 95367
NAICS code 722511
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Riverbank
In the Riverbank area, 35 businesses in the "Full-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 27 employees (compared to this company's 9) and received an average PPP loan of $154,320 (compared to this company's $25,435).
Similar Nearby Businesses Who Received PPP Funding:
Esmeraldas Authentic Mexican Restaurant
Liang Yao Wu DBA Masumi's Japanese Restaurant
Inspired By Taste Inc
Ripon Roadhouse, Inc
J M A Mexican Food Inc
Ching W. Yeung DBA New China
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, 144% higher than Taqueria Los Compadres' reported 9 employees, and received an average PPP loan of $129,504, 409% higher than this company's loan of $25,435.
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Footnotes & Information
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