El Rio Inc
PPP Loan Data — El Rio Inc, Como, MS
ALERT: There are 2 PPP loans for a total of $60,624 in our database for businesses with the name "El Rio Inc" in Como, MS. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.
$35,364 Loan - Subchapter S Corporation - May, 2021
Como, MS 38619
Lender: Bank of Bartlett
Industry: Full-Service Restaurants
Location: Como, MS
El Rio Inc is a subchapter s corporation located at 109 Main Street in Como, Mississippi that received a Coronavirus-related PPP loan from the SBA of $35,364.00 in May, 2021.
The company has reported itself as a White male owned business, and employed at least four people during the applicable loan loan period.
Bank of Bartlett
El Rio Inc in Como, MS received a Paycheck Protection Loan of $35,364 through Bank of Bartlett, which was approved in May, 2021.
For El Rio Inc, the calculation used to estimate payroll costs is shown below:
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, El Rio Inc's 2019 payroll expenses are estimated to be at least $169,747.
On the PPP application, El Rio Inc reported intending to use the proceeds of their PPP loan for the following expenses:
Business Information - El Rio Inc in Como, MS
Full-Service Restaurants
Ethnicity: Hispanic or Latino
Rural / Urban: Rural
Panola County, MS — SBA Office 0470 — Congressional District: MS-01
Similar Companies near Como
In the Como area, 8 businesses in the "Full-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 10 employees (compared to this company's 4) and received an average PPP loan of $51,112 (compared to this company's $35,364).
Raven Rhea
Como, MS
Gloriastein Mitchell
Denise King
Coldwater, MS
Como Steakhouse Inc
Red Barn Cafe LLC
Nationwide, 326,480 businesses in the "Full-Service Restaurants" industry received a total of $42.51B 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, 450% higher than El Rio Inc's reported 4 employees, and received an average PPP loan of $130,209, 268% higher than this company's loan of $35,364.
El Rio Inc is a subchapter s corporation located at 109 S. Main Street in Como, Mississippi that received a Coronavirus-related PPP loan from the SBA of $25,260.00 in May, 2020.
The company has reported itself as a White male owned business, and employed at least six people during the applicable loan loan period.
Source: www.federalpay.org/paycheck-protection-program/el-rio-inc-como-ms