PPP Loan Data — EZ Fit Meals, Inc, Fresno, CA
EZ Fit Meals, Inc is a corporation located at 6763 N Cedar Ave in Fresno, California that received a Coronavirus-related PPP loan from the SBA of $46,371.00 in June, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Cross River Bank
EZ Fit Meals, Inc in Fresno, CA received a Paycheck Protection Loan of $46,371 through Cross River Bank, which was approved in June, 2020.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
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, EZ Fit Meals, Inc's 2019 payroll expenses are estimated to be at least $222,581.
Based on their reported 10 jobs retained, this equals an estimated average yearly compensation of $22,258 per employee1
Reported PPP Proceed Usage:
On the PPP application, EZ Fit Meals, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,371
Business Information - EZ Fit Meals, Inc in Fresno, CA
6763 N Cedar Ave
Fresno, CA 93710
Perishable Prepared Food Manufacturing
NAICS code 311991
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Fresno
In the Fresno area, 2 businesses in the "Perishable Prepared Food Manufacturing" industry received a PPP loan. These local businesses reported an average of 6 employees (compared to this company's 10) and received an average PPP loan of $33,602 (compared to this company's $46,371).
Similar Nearby Businesses Who Received PPP Funding:
Industry PPP Comparison Statistics
Nationwide, 2,142 businesses in the "Perishable Prepared Food Manufacturing" industry received a total of $304.73M 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 17 employees, 70% higher than EZ Fit Meals, Inc's reported 10 employees, and received an average PPP loan of $142,266, 207% higher than this company's loan of $46,371.
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Footnotes & Information
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