PPP Loan Data — Billpro Services Inc, Artesia, CA
Billpro Services Inc is a corporation located at 12140 Artesia Blvd in Artesia, California that received a Coronavirus-related PPP loan from the SBA of $25,453.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Wells Fargo Bank, National Association
Billpro Services Inc in Artesia, CA received a Paycheck Protection Loan of $25,453 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 January, 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, Billpro Services Inc's 2019 payroll expenses are estimated to be at least $122,174.
Based on their reported 10 jobs retained, this equals an estimated average yearly compensation of $12,217 per employee1
Reported PPP Proceed Usage:
On the PPP application, Billpro Services Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,453
Business Information - Billpro Services Inc in Artesia, CA
12140 Artesia Blvd
Artesia, CA 90701
Other Accounting Services
NAICS code 541219
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Artesia
In the Artesia area, 6 businesses in the "Other Accounting Services" industry received a PPP loan. These local businesses reported an average of 3 employees (compared to this company's 10) and received an average PPP loan of $18,886 (compared to this company's $25,453).
Similar Nearby Businesses Who Received PPP Funding:
SNK Accountancy Corporation
Industry PPP Comparison Statistics
Nationwide, 64,443 businesses in the "Other Accounting Services" industry received a total of $2.03B 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 3 employees, 70% lower than Billpro Services Inc's reported 10 employees, and received an average PPP loan of $31,571, 24% higher than this company's loan of $25,453.
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Footnotes & Information
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