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PPP Loan Data — California Gifts And Shirts, Sacramento, CA

ALERT: There are 2 PPP loans for a total of $13,683 in our database for businesses with the name "California Gifts And Shirts" in Sacramento, CA. 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.

SBA PPP loan data, payroll data, and salaries for California Gifts And Shirts
CA

California Gifts And Shirts

Entity: Limited Liability Company (LLC)

Industry: Clothing Accessories Stores

Location: Sacramento, CA

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California Gifts And Shirts is a limited liability company (LLC) located in Sacramento, California that received a Coronavirus-related PPP loan from the SBA of $6,843.00 in March, 2021.

The company has reported itself as an Asian male owned business, and employed at least one person during the applicable loan loan period.

$ PPP Loan Information
Loan #5553208506

Loan Size:

$6,843

Jobs Retained:

1

Loan Approved:

2021-03-01

Loan Status:

Ongoing Loan

Lender:

Bank of America, National Association

California Gifts And Shirts in Sacramento, CA received a Paycheck Protection Loan of $6,843 through Bank of America, National Association, which was approved in March, 2021.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.


PPP Calculation Note: The total PPP loan an eligible business or individual can receive is based on 2.5 times their average monthly 2019 payroll expenses, capped at $100,000 annually per employee.

Reported PPP Proceed Usage:

On the PPP application, California Gifts And Shirts reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $6,841
  • Utilities: $1

Business Information - California Gifts And Shirts in Sacramento, CA

California Gifts And Shirts
Sacramento, CA
* Full address is redacted to protect the privacy of individuals.

Business Industry:
Clothing Accessories Stores
NAICS code 448150

Business Owner Demographics

Race: Asian

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

Sacramento County, CA — SBA Office 0931 — Congressional District: CA-06

Similar Companies near Sacramento

In the Sacramento area, 3 businesses in the "Clothing Accessories Stores" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 1) and received an average PPP loan of $18,738 (compared to this company's $6,843).

Industry PPP Comparison Statistics

Nationwide, 20,469 businesses in the "Clothing Accessories Stores" industry received a total of $524.92M 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, 200% higher than California Gifts And Shirts' reported 1 employees, and received an average PPP loan of $25,645, 275% higher than this company's loan of $6,843.

SBA PPP loan data, payroll data, and salaries for California Gifts And Shirts
CA

California Gifts And Shirts

Entity: Limited Liability Company (LLC)

Industry: Gift, Novelty, and Souvenir Stores

Location: Sacramento, CA

Search All PPP Data

California Gifts And Shirts is a limited liability company (LLC) located in Sacramento, California that received a Coronavirus-related PPP loan from the SBA of $6,840.00 in April, 2020.

The company has reported itself as an Asian male owned business, and employed at least one person during the applicable loan loan period.

$ PPP Loan Information
Loan #5598357306

Loan Size:

$6,840

Jobs Retained:

1

Loan Approved:

2020-04-30

Loan Status:

Paid in Full or Forgiven

Lender:

Bank of America, National Association

California Gifts And Shirts in Sacramento, CA received a Paycheck Protection Loan of $6,840 through Bank of America, 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 April, 2021.


PPP Calculation Note: The total PPP loan an eligible business or individual can receive is based on 2.5 times their average monthly 2019 payroll expenses, capped at $100,000 annually per employee.

Reported PPP Proceed Usage:

On the PPP application, California Gifts And Shirts reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $6,840

Business Information - California Gifts And Shirts in Sacramento, CA

California Gifts And Shirts
Sacramento, CA
* Full address is redacted to protect the privacy of individuals.

Business Industry:
Gift, Novelty, and Souvenir Stores
NAICS code 453220

Business Owner Demographics

Race: Asian

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

Sacramento County, CA — SBA Office 0931 — Congressional District: CA-06

Similar Companies near Sacramento

In the Sacramento area, 11 businesses in the "Gift, Novelty, and Souvenir Stores" industry received a PPP loan. These local businesses reported an average of 10 employees (compared to this company's 1) and received an average PPP loan of $65,737 (compared to this company's $6,840).

Industry PPP Comparison Statistics

Nationwide, 17,351 businesses in the "Gift, Novelty, and Souvenir Stores" industry received a total of $573.27M 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 6 employees, 500% higher than California Gifts And Shirts' reported 1 employees, and received an average PPP loan of $33,040, 383% higher than this company's loan of $6,840.

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.

Search FederalPay's Full PPP Loan Database

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.


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Source: www.federalpay.org/paycheck-protection-program/california-gifts-and-shirts-sacramento-ca