PPP Loan Data — Eric Kmiec, Rncho Cordova, CA
Eric Kmiec is an independent contractor located in Rncho Cordova, California that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:U.S. Bank, National Association
Eric Kmiec in Rncho Cordova, CA received a Paycheck Protection Loan of $25,000 through U.S. Bank, National Association, which was approved in May, 2020.
The minimum number of employees this company must have had in 2019 to qualify for the loan range received is 1. This estimation is accurate if all employees were paid at or over the $100k PPP salary eligibility cap.
Reported PPP Proceed Usage:
On the PPP application, Eric Kmiec reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - Eric Kmiec in Rncho Cordova, CA
Rncho Cordova, CA
* Full address is redacted to protect the privacy of individuals.
NAICS code 511210
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Rncho Cordova
In the Rncho Cordova area, 4 businesses in the "Software Publishers" industry received a PPP loan. These local businesses reported an average of 5 employees (compared to this company's 1) and received an average PPP loan of $56,041 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
Rancho Cordova, CA
ESM Solutions Inc
Gold River, CA
Automation Onspec Software, Inc
Rancho Cordova, CA
Industry PPP Comparison Statistics
Nationwide, 13,466 businesses in the "Software Publishers" industry received a total of $2.73B 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 13 employees, 1200% higher than Eric Kmiec's reported 1 employees, and received an average PPP loan of $202,819, 711% higher than this company's loan of $25,000.
FederalPay's PPP Information Policy
Footnotes & Information
3. Since the PPP eligibility will include a maximum of $100k in salary expenses for each employee in the qualifying period, the minimum number of employees required to be eligible for a given PPP loan amount can be calculated by the following equation: ((LOAN AMOUNT/2.5 months) * 12 months) / 100k max salary. If a company reports fewer employees than this amount on their PPP application, it is likely because they had more employees on payroll during the qualifying period.
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