PPP Loan Data — Favianna.com, Oakland, CA
Favianna.com is a sole proprietorship located at 1507 33rd Ave in Oakland, California that received a Coronavirus-related PPP loan from the SBA of $24,400.00 in May, 2020.
The company has reported itself as a female owned business, and employed at least two people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Newtek Small Business Finance, Inc.
Favianna.com in Oakland, CA received a Paycheck Protection Loan of $24,400 through Newtek Small Business Finance, Inc., 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 June, 2021.
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, Favianna.com's 2019 payroll expenses are estimated to be at least $117,120.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $58,560 per employee1
Reported PPP Proceed Usage:
On the PPP application, Favianna.com reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,400
Business Information - Favianna.com in Oakland, CA
1507 33rd Ave
Oakland, CA 94601
NAICS code 999990
Business Owner Demographics
Ethnicity: Hispanic or Latino
Gender: Female Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Oakland
In the Oakland area, 19 businesses in the "Unclassified Establishments" industry received a PPP loan. These local businesses reported an average of 11 employees (compared to this company's 2) and received an average PPP loan of $31,016 (compared to this company's $24,400).
Similar Nearby Businesses Who Received PPP Funding:
Sanjay Bhatt MD, Inc
ENM Props Inc
Reem's California, LLC
Duncan Brothers, LLC
Season Tea Inc
Industry PPP Comparison Statistics
Nationwide, 85,647 businesses in the "Unclassified Establishments" industry received a total of $3.67B 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, 400% higher than Favianna.com's reported 2 employees, and received an average PPP loan of $42,878, 76% higher than this company's loan of $24,400.
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Footnotes & Information
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