PPP Loan Data — Zeus Nestora, LLC, Tucson, AZ
Zeus Nestora, LLC is a limited liability company (LLC) located at 12940 N Como Dr in Tucson, Arizona that received a Coronavirus-related PPP loan from the SBA of $1,582,635.00 in April, 2020. This business is a Subway franchise.
The company has reported itself as a male owned business, and employed at least 409 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Loan Source Incorporated
Zeus Nestora, LLC in Tucson, AZ received a Paycheck Protection Loan of $1.58M through Loan Source Incorporated, 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, Zeus Nestora, LLC's 2019 payroll expenses are estimated to be at least $7.6M.
Based on their reported 409 jobs retained, this equals an estimated average yearly compensation of $18,574 per employee1
Reported PPP Proceed Usage:
On the PPP application, Zeus Nestora, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,186,976
- Utilities: $27,696
- Rent: $367,963
Business Information - Zeus Nestora, LLC in Tucson, AZ
12940 N Como Dr
Tucson, AZ 85755
NAICS code 722513
Business Owner Demographics
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Tucson
In the Tucson area, 2 businesses in the "Limited-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 206 employees (compared to this company's 409) and received an average PPP loan of $794,668 (compared to this company's $1.58M).
Similar Nearby Businesses Who Received PPP Funding:
Taqueria Alamos LLC
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, 95% lower than Zeus Nestora, LLC's reported 409 employees, and received an average PPP loan of $100,980, 94% lower than this company's loan of $1.58M.
FederalPay's PPP Information Policy
Footnotes & Information
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