PPP Loan Data — Corodata Corporation, Richmond, CA
Corodata Corporation is a sole proprietorship located at 740 National Ct in Richmond, California that received a Coronavirus-related PPP loan from the SBA of $2,038,100.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 129 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Corodata Corporation in Richmond, CA received a Paycheck Protection Loan of $2.04M through Customers 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, Corodata Corporation's 2019 payroll expenses are estimated to be at least $9.78M.
Based on their reported 129 jobs retained, this equals an estimated average yearly compensation of $75,836 per employee1
Reported PPP Proceed Usage:
On the PPP application, Corodata Corporation reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,038,100
Business Information - Corodata Corporation in Richmond, CA
740 National Ct
Richmond, CA 94804
Executive Search Services
NAICS code 561312
Business Owner Demographics
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 7,038 businesses in the "Executive Search Services" industry received a total of $770.55M 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 10 employees, 92% lower than Corodata Corporation's reported 129 employees, and received an average PPP loan of $109,485, 95% lower than this company's loan of $2.04M.
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Footnotes & Information
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