TACO JOHN'S INTERNATIONAL, INC.
PPP Loan approved Apr 6, 2020 through Jonah Bank of Wyoming
Borrower Information
Business Details
Lender Information
Self-Reported Demographics
How Proceeds Were Used
| Category | Amount | % of Total Proceeds |
|---|---|---|
| Payroll | $1,890,500.00 | 82.5% |
| Utilities | $145,000.00 | 6.3% |
| Rent / Lease | $200,000.00 | 8.7% |
| Health Care | $55,000.00 | 2.4% |
About This Loan
TACO JOHN'S INTERNATIONAL, INC. received a PPP loan of $2,290,500 approved on Apr 6, 2020. The loan was originated by Jonah Bank of Wyoming.
TACO JOHN'S INTERNATIONAL, INC. is a subchapter s corporation located in CHEYENNE, Wyoming. At the time of the application, the business was described as "existing or more than 2 years old". It is a franchise location of Taco John's.
The business operates in the Accommodation and Food Services industry (NAICS 722513), part of the Accommodation and Food Services sector of the economy. The applicant reported 179 jobs as retained through this loan.
The SBA forgave $2,320,496.14 of this loan — 101.3% of the total approved amount, with forgiveness recorded on Aug 9, 2021. This means the borrower was not required to repay this portion, having satisfied the PPP's eligibility criteria for forgiveness, including maintaining payroll levels and using the funds for qualified expenses.
According to the SBA's records, the proceeds of this loan were allocated as follows: $1,890,500 to payroll, $145,000 to utilities, $200,000 to rent or lease obligations, $55,000 to health care costs. The payroll component represents 82.5% of disclosed proceeds, consistent with the program's requirement that at least 60% of loan funds be used for payroll costs to qualify for full forgiveness.
This loan is one of millions approved nationwide during the COVID-19 pandemic. To explore other recipients in Wyoming, visit the Wyoming page. To compare this loan with others in the same industry, see the Accommodation and Food Services industry page.