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

PPP Loan Data — Elite Show Services, Inc., San Diego, CA

SBA PPP loan data, payroll data, and salaries for Elite Show Services, Inc.
CA

Elite Show Services, Inc.

Entity: Corporation

Industry: Security Guards and Patrol Services

Location: San Diego, CA

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Elite Show Services, Inc. is a corporation located at 2878 Camino Del Rio in San Diego, California that received a Coronavirus-related PPP loan from the SBA of $2,563,737.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$2.56M

Jobs Retained:

0 Unreported

Loan Approved:

2020-04-16

Lender:

BANC OF CALIFORNIA, NATIONAL ASSOCIATION

Elite Show Services, Inc. received a Paycheck Protection Loan of $2.56M through BANC OF CALIFORNIA, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, Elite Show Services, Inc.'s total 2019 payroll expenses were approximately $12.31M in order to qualify for the PPP loan amount received.

Unlike most businesses, Elite Show Services, Inc.'s PPP data does not report the number of jobs retained by their receipt of the Paycheck Protection Loan (some banks did not release this infomation from their loan applications). Without this data, per-employee payrolls for this company cannot be estimated.

Because the loan received by Elite Show Services, Inc. is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Elite Show Services, Inc. in San Diego, CA

Elite Show Services, Inc.
2878 Camino Del Rio
San Diego, CA 92108

Business Industry

Security Guards and Patrol Services (NAICS code 561612)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: CA-53

Similar Companies near San Diego

In the San Diego area, 2 businesses in the "Security Guards and Patrol Services" industry received a PPP loan. These local businesses reported an average of 4 employees (compared to this company's 0) and received an average PPP loan of $1,321,837 (compared to this company's $2.56M).

Similar Nearby Businesses Who Received PPP Funding:

Freedom Security Alliance, Inc DBA Socbox
San Diego, CA

$79,937 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 4,165 businesses in the "Security Guards and Patrol Services" industry received a total of $1,003,129,142.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.

PPP recipients in this industry report an average of 36 employees, and received an average PPP loan of $240,847, 91% lower than this company's loan of $2.56M.

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.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. 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/elite-show-services-inc-san-diego-ca