PPP Loan Data — Dawn Company, Bakersfield, CA
Dawn Company is a subchapter s corporation located at 101 W Sumner St in Bakersfield, California that received a Coronavirus-related PPP loan from the SBA of $25,320.00 in January, 2021.
The company has reported itself as a male veteran owned business, and employed at least three people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Dawn Company in Bakersfield, CA received a Paycheck Protection Loan of $25,320 through Mechanics Bank, which was approved in January, 2021.
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, Dawn Company's 2019 payroll expenses are estimated to be at least $121,536.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $40,512 per employee1
Reported PPP Proceed Usage:
On the PPP application, Dawn Company reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,318
- Utilities: $1
Business Information - Dawn Company in Bakersfield, CA
101 W Sumner St
Bakersfield, CA 93301
Floor Covering Stores
NAICS code 442210
Business Owner Demographics
Gender: Male Owned
Veteran Status: Veteran
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Bakersfield
In the Bakersfield area, 4 businesses in the "Floor Covering Stores" industry received a PPP loan. These local businesses reported an average of 8 employees (compared to this company's 3) and received an average PPP loan of $52,487 (compared to this company's $25,320).
Similar Nearby Businesses Who Received PPP Funding:
Dawn Company DBA Carpet Cave
Carpet Plaza LLC
All American Carpet, Inc
Industry PPP Comparison Statistics
Nationwide, 8,871 businesses in the "Floor Covering Stores" industry received a total of $765.8M 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 9 employees, 200% higher than Dawn Company's reported 3 employees, and received an average PPP loan of $86,327, 241% higher than this company's loan of $25,320.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!