PPP Loan Data — The Mendoza Company, Columbus, OH

FRANCHISE

The Mendoza Company

Entity: Subchapter S Corporation

Industry: Unclassified Establishments

Franchise: McDonalds

Location: Columbus, OH

The Mendoza Company is a subchapter s corporation located at 950 Taylor Station Rd Suite T in Columbus, Ohio that received a Coronavirus-related PPP loan from the SBA of $2,620,000.00 in April, 2020. This business is a McDonalds franchise.

The company has reported itself as a male owned business, and employed at least 500 people during the applicable loan loan period.

$ PPP Loan Information
Loan #5442977003

Loan Size:

$2.62M

Jobs Retained:

500

Loan Approved:

2020-04-05

Loan Status:

Paid in Full or Forgiven

Lender:

Peoples Bank

The Mendoza Company in Columbus, OH received a Paycheck Protection Loan of $2.62M through Peoples 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 July, 2021.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

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, The Mendoza Company's 2019 payroll expenses are estimated to be at least $12.58M.

Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $25,152 per employee¹

Reported PPP Proceed Usage:

On the PPP application, The Mendoza Company reported intending to use the proceeds of their PPP loan for the following expenses:

Payroll: $2,620,000

Because the loan received by The Mendoza Company is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - The Mendoza Company in Columbus, OH

The Mendoza Company
950 Taylor Station Rd Suite T
Columbus, OH 43230

Business Industry:
Unclassified Establishments
NAICS code 999990

Business Owner Demographics

Race: Unreported

Ethnicity: Hispanic or Latino

Gender: Male Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Franklin County, OH — SBA Office 0593 — Congressional District: OH-03

Similar Companies near Columbus

In the Columbus area, 20 businesses in the "Unclassified Establishments" industry received a PPP loan. These local businesses reported an average of 33 employees (compared to this company's 500) and received an average PPP loan of $163,118 (compared to this company's $2.62M).

Similar Nearby Businesses Who Received PPP Funding:

Keyarrow LLC
Gahanna, OH

$16,900 PPP Loan

Chatham Glen Limited Partnership
Gahanna, OH

$12,300 PPP Loan

Shri Lakshmi Inc
Columbus, OH

$20,288 PPP Loan

Task Force Installations, LLC
Columbus, OH

$55,820 PPP Loan

Malik Inc
Columbus, OH

$6,500 PPP Loan

Seng Group Inc
Columbus, OH

$21,125 PPP Loan

His Way Home Services, LLC
Columbus, OH

$5,357 PPP Loan

Warrior Energy Company, Inc
Columbus, OH

$42,122 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 85,564 businesses in the "Unclassified Establishments" industry received a total of $3.67B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.

PPP recipients in this industry report an average of 10 employees, 98% lower than The Mendoza Company's reported 500 employees, and received an average PPP loan of $42,859, 98% lower than this company's loan of $2.62M.

FederalPay's PPP Information Policy

Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan.

All information displayed on this page is publicly available information under PPP loan guidelines, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Estimations for informational purposes only. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.

2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.

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