PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Donut Inn, Canyon Country, CA

ALERT: There are 2 PPP loans for a total of $26,459 in our database for businesses with the name "Donut Inn" in Canyon Country, CA. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for Donut Inn
CA

Donut Inn

Entity: Sole Proprietorship

Industry: All Other Miscellaneous Food Manufacturing

Location: Canyon Country, CA

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Donut Inn is a sole proprietorship located at 18579 Soledad Canyon Rd in Canyon Country, California that received a Coronavirus-related PPP loan from the SBA of $23,175.00 in March, 2021.

$ PPP Loan Information
Loan #8017178510

Loan Size:

$23,175

Jobs Retained:

6

Loan Approved:

2021-03-08

Loan Status:

Paid in Full or Forgiven

Lender:

Bank of America, National Association

Donut Inn in Canyon Country, CA received a Paycheck Protection Loan of $23,175 through Bank of America, National Association, which was approved in March, 2021.

This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in November, 2021.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, Donut Inn's 2019 payroll expenses are estimated to be at least $111,240.

Based on their reported 6 jobs retained, this equals an estimated average yearly compensation of $18,540 per employee1

Reported PPP Proceed Usage:

On the PPP application, Donut Inn reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $23,173
  • Utilities: $1

Business Information - Donut Inn in Canyon Country, CA

Donut Inn
18579 Soledad Canyon Rd
Canyon Country, CA 91351

Business Industry:
All Other Miscellaneous Food Manufacturing
NAICS code 311999

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Los Angeles County, CA — SBA Office 0914 — Congressional District: CA-25

Similar Companies near Canyon Country

In the Canyon Country area, 5 businesses in the "All Other Miscellaneous Food Manufacturing" industry received a PPP loan. These local businesses reported an average of 14 employees (compared to this company's 6) and received an average PPP loan of $68,198 (compared to this company's $23,175).

Industry PPP Comparison Statistics

Nationwide, 4,608 businesses in the "All Other Miscellaneous Food Manufacturing" industry received a total of $550.82M 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 14 employees, 133% higher than Donut Inn's reported 6 employees, and received an average PPP loan of $119,536, 416% higher than this company's loan of $23,175.

SBA PPP loan data, payroll data, and salaries for Donut Inn
CA

Donut Inn

Entity: Sole Proprietorship

Industry: Snack and Nonalcoholic Beverage Bars

Location: Canyon Country, CA

Search All PPP Data

Donut Inn is a sole proprietorship located at 18579 Soledad Canyon Rd in Canyon Country, California that received a Coronavirus-related PPP loan from the SBA of $3,284.00 in April, 2020.

$ PPP Loan Information
Loan #5556217301

Loan Size:

$3,284

Jobs Retained:

5

Loan Approved:

2020-04-30

Loan Status:

Paid in Full or Forgiven

Lender:

Bank of America, National Association

Donut Inn in Canyon Country, CA received a Paycheck Protection Loan of $3,284 through Bank of America, National Association, which was approved in April, 2020.

This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in April, 2021.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, Donut Inn's 2019 payroll expenses are estimated to be at least $15,763.

Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $3,153 per employee1

Reported PPP Proceed Usage:

On the PPP application, Donut Inn reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $3,284

Business Information - Donut Inn in Canyon Country, CA

Donut Inn
18579 Soledad Canyon Rd
Canyon Country, CA 91351

Business Industry:
Snack and Nonalcoholic Beverage Bars
NAICS code 722515

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: New Business or 2 years or less

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Los Angeles County, CA — SBA Office 0914 — Congressional District: CA-25

Similar Companies near Canyon Country

In the Canyon Country area, 6 businesses in the "Snack and Nonalcoholic Beverage Bars" industry received a PPP loan. These local businesses reported an average of 7 employees (compared to this company's 5) and received an average PPP loan of $21,912 (compared to this company's $3,284).

Industry PPP Comparison Statistics

Nationwide, 27,233 businesses in the "Snack and Nonalcoholic Beverage Bars" industry received a total of $1.43B 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 11 employees, 120% higher than Donut Inn's reported 5 employees, and received an average PPP loan of $52,615, 1502% higher than this company's loan of $3,284.

FederalPay's PPP Information Policy

Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan.

All information displayed on this page is publicly available information under PPP loan guidelines, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Estimations for informational purposes only. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.

2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.


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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/donut-inn-canyon-country-ca