PPP Loan Data — Cutting Edge Services, Inc, Orange, CA
Cutting Edge Services, Inc
Location: Orange, CATweet This • Search All PPP Data
Cutting Edge Services, Inc is a corporation located at 8023 Eucalyptus Trl in Orange, California that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in April, 2020.
The company has reported itself as a male veteran owned business, and employed at least two people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Bank of Southern California, National Association
Cutting Edge Services, Inc in Orange, CA received a Paycheck Protection Loan of $25,000 through Bank of Southern California, National Association, 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, Cutting Edge Services, Inc's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $60,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, Cutting Edge Services, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $18,750
- Utilities: $6,250
Business Information - Cutting Edge Services, Inc in Orange, CA
8023 Eucalyptus Trl
Orange, CA 92869
Plumbing, Heating, and Air-Conditioning Contractors
NAICS code 238220
Business Owner Demographics
Gender: Male Owned
Veteran Status: Veteran
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Orange
In the Orange area, 16 businesses in the "Plumbing, Heating, and Air-Conditioning Contractors" industry received a PPP loan. These local businesses reported an average of 8 employees (compared to this company's 2) and received an average PPP loan of $72,194 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
MVP Plumbing Inc
JC Plumbing Inc
Daniel Alexander Vargas Plumbing, Inc. DBA Coastline Plumbin
Superior Drain, Plumbing & Heating, Inc
Provident Refrigeration Inc
Yaeger Services Inc
Stout Plumbing Inc
J & P Plumbing, Inc
Industry PPP Comparison Statistics
Nationwide, 105,811 businesses in the "Plumbing, Heating, and Air-Conditioning Contractors" industry received a total of $13.07B 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, 400% higher than Cutting Edge Services, Inc's reported 2 employees, and received an average PPP loan of $123,520, 394% higher than this company's loan of $25,000.
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