PPP Loan Data — Chris Volaski, Oxnard, CA
Chris Volaski is a sole proprietorship located at 3600 S.harbor Blvd #115 in Oxnard, California that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Cross River Bank
Chris Volaski in Oxnard, CA received a Paycheck Protection Loan of $25,000 through Cross River Bank, which was approved in April, 2020.
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, Chris Volaski's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 11 jobs retained, this equals an estimated average yearly compensation of $10,909 per employee1
Reported PPP Proceed Usage:
On the PPP application, Chris Volaski reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - Chris Volaski in Oxnard, CA
3600 S.harbor Blvd #115
Oxnard, CA 93035
Other Marine Fishing
NAICS code 114119
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Oxnard
In the Oxnard area, 4 businesses in the "Other Marine Fishing" industry received a PPP loan. These local businesses reported an average of 4 employees (compared to this company's 11) and received an average PPP loan of $14,671 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
Karla Gonzalez Mejia
Industry PPP Comparison Statistics
Nationwide, 3,961 businesses in the "Other Marine Fishing" industry received a total of $86.33M 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 2 employees, 82% lower than Chris Volaski's reported 11 employees, and received an average PPP loan of $21,795, 13% lower than this company's loan of $25,000.
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Footnotes & Information
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