PPP Loan Data — Zamoras Inc, Valdese, NC
Zamoras Inc is a corporation located at 508 Main St E in Valdese, North Carolina that received a Coronavirus-related PPP loan from the SBA of $46,435.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Wells Fargo Bank, National Association
Zamoras Inc in Valdese, NC received a Paycheck Protection Loan of $46,435 through Wells Fargo Bank, National Association, 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 June, 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, Zamoras Inc's 2019 payroll expenses are estimated to be at least $222,888.
Based on their reported 12 jobs retained, this equals an estimated average yearly compensation of $18,574 per employee1
Reported PPP Proceed Usage:
On the PPP application, Zamoras Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,435
Business Information - Zamoras Inc in Valdese, NC
508 Main St E
Valdese, NC 28690
NAICS code 722511
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Valdese
In the Valdese area, 9 businesses in the "Full-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 12 employees (compared to this company's 12) and received an average PPP loan of $46,573 (compared to this company's $46,435).
Similar Nearby Businesses Who Received PPP Funding:
Osaki Authentic Japanese Cuisine LLC
100 Main LLC
Twin Brothers Pizza 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, 83% higher than Zamoras Inc's reported 12 employees, and received an average PPP loan of $129,504, 179% higher than this company's loan of $46,435.
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Footnotes & Information
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