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PPP Loan Data — Express Travel Services Inc,
San Diego, CA
Express Travel Services Inc
Entity: Corporation
Industry: Travel Agencies
Location: San Diego, CA
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Express Travel Services Inc is a corporation located in San Diego, California that received a Coronavirus-related PPP loan from the SBA of $10,685.00 in February, 2021.
$
PPP Loan Information
Loan #4080308408
Loan Size:
Jobs Retained:
1Loan Approved:
2021-02-06Loan Status:
Ongoing LoanLender:
Wells Fargo Bank, National AssociationExpress Travel Services Inc in San Diego, CA received a Paycheck Protection Loan of $10,685 through Wells Fargo Bank, National Association, which was approved in February, 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.
Reported PPP Proceed Usage:
On the PPP application, Express Travel Services Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $10,683
Business Information - Express Travel Services Inc in San Diego, CA
San Diego, CA
* Full address is redacted to protect the privacy of individuals.
Business Industry:
Travel Agencies
NAICS code 561510
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
Businesses Using Same Address:
There are 8 other businesses that received a PPP loan registered to the same address as Express Travel Services Inc.
Znth, Inc. A California Corporation
Unknown
Meiling Elite Real Estate Inc
Offices of Real Estate Agents and Brokers
Joint Systems-Ccic
Janitorial Services
Soledad Investment Management LLC
Administrative Management and General Management Consulting Services
Jackie Geller
Offices of Lawyers
Kanesha N Robinson
General Freight Trucking, Long-Distance, Truckload
HAN & Associates
All Other Business Support Services
Advantu
Custom Computer Programming Services
Similar Companies near San Diego
In the San Diego area, 9 businesses in the "Travel Agencies" industry received a PPP loan. These local businesses reported an average of 35 employees (compared to this company's 1) and received an average PPP loan of $459,487 (compared to this company's $10,685).
Similar Nearby Businesses Who Received PPP Funding:
Journeys By Diane
San Diego, CA
Karen Buono
San Diego, CA
Glazer & Glazer Inc
San Diego, CA
Balboa Travel Incorporated
San Diego, CA
Charles John Filardi DBA Charles J Filardi
San Diego, CA
Diane Ziegler
San Diego, CA
PMC Travel Inc
San Diego, CA
Industry PPP Comparison Statistics
Nationwide, 20,720 businesses in the "Travel Agencies" industry received a total of $874.79M 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 4 employees, 300% higher than Express Travel Services Inc's reported 1 employees, and received an average PPP loan of $42,220, 295% higher than this company's loan of $10,685.
Express Travel Services Inc
Entity: Corporation
Industry: All Other Personal Services
Location: San Diego, CA
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Express Travel Services Inc is a corporation located at 5755 Oberlin Drive Suite 301 in San Diego, California that received a Coronavirus-related PPP loan from the SBA of $8,781.00 in May, 2020.
$
PPP Loan Information
Loan #5381797700
Loan Size:
Jobs Retained:
2Loan Approved:
2020-05-01Loan Status:
Paid in Full or ForgivenLender:
Wells Fargo Bank, National AssociationExpress Travel Services Inc in San Diego, CA received a Paycheck Protection Loan of $8,781 through Wells Fargo Bank, National Association, which was approved in May, 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 May, 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, Express Travel Services Inc's 2019 payroll expenses are estimated to be at least $42,149.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $21,075 per employee1
Reported PPP Proceed Usage:
On the PPP application, Express Travel Services Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $8,781
Business Information - Express Travel Services Inc in San Diego, CA
5755 Oberlin Drive Suite 301
San Diego, CA 92121
Business Industry:
All Other Personal Services
NAICS code 812990
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
Businesses Using Same Address:
There are 2 other businesses that received a PPP loan registered to the same address as Express Travel Services Inc.
Dawson & Ozanne
Offices of Lawyers
Inova Drone Inc
Aircraft Manufacturing
Similar Companies near San Diego
In the San Diego area, 65 businesses in the "All Other Personal Services" industry received a PPP loan. These local businesses reported an average of 5 employees (compared to this company's 2) and received an average PPP loan of $51,278 (compared to this company's $8,781).
Similar Nearby Businesses Who Received PPP Funding:
Luciano Goncalves
San Diego, CA
The New Black Creative, LLC
San Diego, CA
Lian Price LLC
San Diego, CA
Gregory Hunt
San Diego, CA
Hung Lin
San Diego, CA
S & A Cordova, LLC
San Diego, CA
Agape Global LLC
San Diego, CA
Event Factory By Angela LLC The
San Diego, CA
Lily Howard
San Diego, CA
Industry PPP Comparison Statistics
Nationwide, 231,198 businesses in the "All Other Personal Services" industry received a total of $5.51B in PPP loans. These businesses account for 2% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 3 employees, 50% higher than Express Travel Services Inc's reported 2 employees, and received an average PPP loan of $23,842, 172% higher than this company's loan of $8,781.
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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