PPP Loan Data — Chenz Corporation, Stockton, CA
Chenz Corporation is a subchapter s corporation located at 8626 Lower Sacramento Rd Suite 37b in Stockton, California that received a Coronavirus-related PPP loan from the SBA of $46,300.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:First-Citizens Bank & Trust Company
Chenz Corporation in Stockton, CA received a Paycheck Protection Loan of $46,300 through First-Citizens Bank & Trust Company, which was approved in May, 2020.
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.
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, Chenz Corporation's 2019 payroll expenses are estimated to be at least $222,240.
Based on their reported 10 jobs retained, this equals an estimated average yearly compensation of $22,224 per employee1
Reported PPP Proceed Usage:
On the PPP application, Chenz Corporation reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,300
Business Information - Chenz Corporation in Stockton, CA
8626 Lower Sacramento Rd Suite 37b
Stockton, CA 95210
Offices of Dentists
NAICS code 621210
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Stockton
In the Stockton area, 16 businesses in the "Offices of Dentists" industry received a PPP loan. These local businesses reported an average of 12 employees (compared to this company's 10) and received an average PPP loan of $103,867 (compared to this company's $46,300).
Similar Nearby Businesses Who Received PPP Funding:
Rujul G Parikh DDS Inc
Star Dental Practice
DDS Martin Pdc
Maulik Shah DDS Inc
D Park Mph DDS Dental Corporation
Kevin Thang Pham Ddspc
Karim El Nokrashy Dental Coporayton
Industry PPP Comparison Statistics
Nationwide, 173,521 businesses in the "Offices of Dentists" industry received a total of $14B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 2% of the total PPP funding allocated.
PPP recipients in this industry report an average of 8 employees, 20% lower than Chenz Corporation's reported 10 employees, and received an average PPP loan of $80,703, 74% higher than this company's loan of $46,300.
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