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PPP Loan Data — Donut Star Inc,
Santa Ana, CA
Donut Star Inc
Entity: Corporation
Industry: Limited-Service Restaurants
Location: Santa Ana, CA
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Donut Star Inc is a corporation located at 2509 S Harbor Blvd in Santa Ana, California that received a Coronavirus-related PPP loan from the SBA of $109,718.00 in April, 2021.
The company has reported itself as an Asian male owned business, and employed at least eleven people during the applicable loan loan period.
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PPP Loan Information
Loan #2947568900
Loan Size:
Jobs Retained:
11Loan Approved:
2021-04-27Loan Status:
Ongoing LoanLender:
Golden Bank, National AssociationDonut Star Inc in Santa Ana, CA received a Paycheck Protection Loan of $109,718 through Golden Bank, National Association, which was approved in April, 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
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 MoreUnderstanding 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 MoreBased 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 Star Inc's 2019 payroll expenses are estimated to be at least $526,646.
Based on their reported 11 jobs retained, this equals an estimated average yearly compensation of $47,877 per employee1
Reported PPP Proceed Usage:
On the PPP application, Donut Star Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $109,714
- Utilities: $1
Business Information - Donut Star Inc in Santa Ana, CA
2509 S Harbor Blvd
Santa Ana, CA 92704
Business Industry:
Limited-Service Restaurants
NAICS code 722513
Business Owner Demographics
Race: Asian
Ethnicity: Unreported
Gender: Male Owned
Veteran Status: Non-Veteran
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: Y
HUBZone: N
Rural / Urban: Urban
Similar Companies near Santa Ana
In the Santa Ana area, 88 businesses in the "Limited-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 15 employees (compared to this company's 11) and received an average PPP loan of $83,126 (compared to this company's $109,718).
Similar Nearby Businesses Who Received PPP Funding:
Wssah Corp
Santa Ana, CA
Mcintosh Enterprises, Inc
Santa Ana, CA
REX Gelert
Santa Ana, CA
The Kuark Corporation
Santa Ana, CA
Huskins Coffee Company, LLC
Santa Ana, CA
Sandhu Subs Inc
Santa Ana, CA
Pho Asian Grills, Inc
Santa Ana, CA
88Zhanginc
Sanata Ana, CA
Dairy Depot Inc
Santa Ana, CA
Industry PPP Comparison Statistics
Nationwide, 136,560 businesses in the "Limited-Service Restaurants" industry received a total of $13.87B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 2% of the total PPP funding allocated.
PPP recipients in this industry report an average of 21 employees, 91% higher than Donut Star Inc's reported 11 employees, and received an average PPP loan of $101,544, 7% lower than this company's loan of $109,718.
Donut Star, Inc
Entity: Corporation
Industry: Baked Goods Stores
Location: Santa Ana, CA
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Donut Star, Inc is a corporation located at 2509 S Harbor in Santa Ana, California that received a Coronavirus-related PPP loan from the SBA of $78,300.00 in April, 2020.
The company has reported itself as an Asian male owned business, and employed at least eleven people during the applicable loan loan period.
$
PPP Loan Information
Loan #1621927301
Loan Size:
Jobs Retained:
11Loan Approved:
2020-04-28Loan Status:
Paid in Full or ForgivenLender:
Golden Bank, National AssociationDonut Star, Inc in Santa Ana, CA received a Paycheck Protection Loan of $78,300 through Golden Bank, 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 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 MoreUnderstanding 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 MoreBased 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 Star, Inc's 2019 payroll expenses are estimated to be at least $375,840.
Based on their reported 11 jobs retained, this equals an estimated average yearly compensation of $34,167 per employee1
Reported PPP Proceed Usage:
On the PPP application, Donut Star, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $78,300
Business Information - Donut Star, Inc in Santa Ana, CA
2509 S Harbor
Santa Ana, CA 92704
Business Industry:
Baked Goods Stores
NAICS code 445291
Business Owner Demographics
Race: Asian
Ethnicity: Unreported
Gender: Male Owned
Veteran Status: Non-Veteran
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: Y
HUBZone: N
Rural / Urban: Urban
Similar Companies near Santa Ana
In the Santa Ana area, 6 businesses in the "Baked Goods Stores" industry received a PPP loan. These local businesses reported an average of 11 employees (compared to this company's 11) and received an average PPP loan of $56,900 (compared to this company's $78,300).
Similar Nearby Businesses Who Received PPP Funding:
OC 5 Scoops Inc
Santa Ana, CA
Simon's Wholesale Bakery Inc
Santa Ana, CA
Anna Phu Tran
Santa Ana, CA
Star Wok Express, Inc
Santa Ana, CA
YUM Yum Donuts
Santa Ana, CA
Industry PPP Comparison Statistics
Nationwide, 8,897 businesses in the "Baked Goods Stores" industry received a total of $411.8M 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 10 employees, 9% lower than Donut Star, Inc's reported 11 employees, and received an average PPP loan of $46,285, 41% lower than this company's loan of $78,300.
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.
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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