FederalPay.org
PPP Loan Data — Baila Floors Inc,
Oakland, CA
Baila Floors Inc
Entity: Corporation
Industry: Flooring Contractors
Location: Oakland, CA
Tweet This
•
Search All PPP Data
Baila Floors Inc is a corporation located at 1117 International Blvd Ste A in Oakland, California that received a Coronavirus-related PPP loan from the SBA of $47,983.00 in March, 2021.
The company has reported itself as a male owned business, and employed at least three people during the applicable loan loan period.
$
PPP Loan Information
Loan #1511728709
Loan Size:
Jobs Retained:
3Loan Approved:
2021-03-27Loan Status:
Paid in Full or ForgivenLender:
Community Federal Savings BankBaila Floors Inc in Oakland, CA received a Paycheck Protection Loan of $47,983 through Community Federal Savings Bank, which was approved in March, 2021.
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 November, 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.
Read MoreUnderstanding 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.
Read MoreBased 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, Baila Floors Inc's 2019 payroll expenses are estimated to be at least $230,318.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $76,773 per employee1
Reported PPP Proceed Usage:
On the PPP application, Baila Floors Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $47,981
- Utilities: $1
Business Information - Baila Floors Inc in Oakland, CA
1117 International Blvd Ste A
Oakland, CA 94606
Business Industry:
Flooring Contractors
NAICS code 238330
Business Owner Demographics
Race: Unreported
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: Y
HUBZone: Y
Rural / Urban: Urban
Similar Companies near Oakland
In the Oakland area, 7 businesses in the "Flooring Contractors" industry received a PPP loan. These local businesses reported an average of 34 employees (compared to this company's 3) and received an average PPP loan of $614,711 (compared to this company's $47,983).
Similar Nearby Businesses Who Received PPP Funding:
Thanh Vu
Oakland, CA
T & T Floors Inc
Oakland, CA
Mullican Construction And Flooring
Oakland, CA
Gold Art Contractor Supply Inc
Oakland, CA
Linoleum Sales Co., Inc
Oakland, CA
Industry PPP Comparison Statistics
Nationwide, 27,338 businesses in the "Flooring Contractors" industry received a total of $1.47B 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 5 employees, 67% higher than Baila Floors Inc's reported 3 employees, and received an average PPP loan of $53,919, 12% higher than this company's loan of $47,983.
Baila Floors, Inc
Entity: Corporation
Industry: Other Building Material Dealers
Location: Oakland, CA
Tweet This
•
Search All PPP Data
Baila Floors, Inc is a corporation located at 360 Grand Avenue, Suite 362 in Oakland, California that received a Coronavirus-related PPP loan from the SBA of $10,700.00 in April, 2020.
$
PPP Loan Information
Loan #6869837207
Loan Size:
Jobs Retained:
4Loan Approved:
2020-04-28Loan Status:
Paid in Full or ForgivenLender:
Comerica BankBaila Floors, Inc in Oakland, CA received a Paycheck Protection Loan of $10,700 through Comerica 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 October, 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.
Read MoreUnderstanding 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.
Read MoreBased 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, Baila Floors, Inc's 2019 payroll expenses are estimated to be at least $51,360.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $12,840 per employee1
Reported PPP Proceed Usage:
On the PPP application, Baila Floors, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $10,700
Business Information - Baila Floors, Inc in Oakland, CA
360 Grand Avenue, Suite 362
Oakland, CA 94610
Business Industry:
Other Building Material Dealers
NAICS code 444190
Business Owner Demographics
Race: Unreported
Ethnicity: Not Hispanic or Latino
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Similar Companies near Oakland
In the Oakland area, 4 businesses in the "Other Building Material Dealers" industry received a PPP loan. These local businesses reported an average of 6 employees (compared to this company's 4) and received an average PPP loan of $55,070 (compared to this company's $10,700).
Similar Nearby Businesses Who Received PPP Funding:
Stillwater Tile & Stone Inc
Oakland, CA
Stillwater Tile & Stone
Oakland, CA
Stillwater Tile & Stone Holding Inc
Oakland, CA
Industry PPP Comparison Statistics
Nationwide, 10,956 businesses in the "Other Building Material Dealers" industry received a total of $1.4B 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 12 employees, 200% higher than Baila Floors, Inc's reported 4 employees, and received an average PPP loan of $127,433, 1091% higher than this company's loan of $10,700.
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.
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.
Have FederalPay.org's open data tools been valuable? Consider donating!