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PPP Loan Data — Canned Pineapple Co,
San Luis Obispo, CA
Canned Pineapple Co
Entity: Partnership
Industry: All Other Specialty Trade Contractors
Location: San Luis Obispo, CA
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Canned Pineapple Co is a partnership located at 4420 Broad St Ste G in San Luis Obispo, California that received a Coronavirus-related PPP loan from the SBA of $11,186.00 in February, 2021.
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PPP Loan Information
Loan #5338918504
Loan Size:
Jobs Retained:
2Loan Approved:
2021-02-27Loan Status:
Paid in Full or ForgivenLender:
CoastHills CUCanned Pineapple Co in San Luis Obispo, CA received a Paycheck Protection Loan of $11,186 through CoastHills CU, which was approved in February, 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 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, Canned Pineapple Co's 2019 payroll expenses are estimated to be at least $53,693.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $26,847 per employee1
Reported PPP Proceed Usage:
On the PPP application, Canned Pineapple Co reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $11,184
- Utilities: $1
Business Information - Canned Pineapple Co in San Luis Obispo, CA
4420 Broad St Ste G
San Luis Obispo, CA 93401
Business Industry:
All Other Specialty Trade Contractors
NAICS code 238990
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
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 San Luis Obispo
In the San Luis Obispo area, 13 businesses in the "All Other Specialty Trade Contractors" industry received a PPP loan. These local businesses reported an average of 10 employees (compared to this company's 2) and received an average PPP loan of $93,071 (compared to this company's $11,186).
Similar Nearby Businesses Who Received PPP Funding:
J K Powers Inc
Sn Luis Obisp, CA
Derek Ehinger DBA Cch Pools
San Luis Obispo, CA
Artisan Architectural Products, Inc
Sn Luis Obisp, CA
Steven Beach
San Luis Obispo, CA
Reasons Construction & Fence
San Luis Obispo, CA
Alpha Fire Unlimited Inc
San Luis Obispo, CA
Michael Kilcoyne
Los Osos, CA
Kate Hendrickson, Inc
San Luis Obispo, CA
Industry PPP Comparison Statistics
Nationwide, 92,275 businesses in the "All Other Specialty Trade Contractors" industry received a total of $8.02B 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 8 employees, 300% higher than Canned Pineapple Co's reported 2 employees, and received an average PPP loan of $86,934, 677% higher than this company's loan of $11,186.
Canned Pineapple Co
Entity: Partnership
Industry: Fruit and Vegetable Canning
Location: San Luis Obispo, CA
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Canned Pineapple Co is a partnership located at 1920 Fixlini Street in San Luis Obispo, California that received a Coronavirus-related PPP loan from the SBA of $13,231.00 in July, 2020.
$
PPP Loan Information
Loan #6499068101
Loan Size:
Jobs Retained:
2Loan Approved:
2020-07-21Loan Status:
Paid in Full or ForgivenLender:
CoastHills CUCanned Pineapple Co in San Luis Obispo, CA received a Paycheck Protection Loan of $13,231 through CoastHills CU, which was approved in July, 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 August, 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, Canned Pineapple Co's 2019 payroll expenses are estimated to be at least $63,509.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $31,755 per employee1
Reported PPP Proceed Usage:
On the PPP application, Canned Pineapple Co reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $13,231
Business Information - Canned Pineapple Co in San Luis Obispo, CA
1920 Fixlini Street
San Luis Obispo, CA 93401
Business Industry:
Fruit and Vegetable Canning
NAICS code 311421
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age:
LMI Zone: N
HUBZone: Y
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 471 businesses in the "Fruit and Vegetable Canning" industry received a total of $103.75M 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 23 employees, 1050% higher than Canned Pineapple Co's reported 2 employees, and received an average PPP loan of $220,270, 1565% higher than this company's loan of $13,231.
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.
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