PPP Loan Data — Floor To Ceiling, Concord, CA
Floor To Ceiling is a sole proprietorship located at 5264 Concord Blvd. in Concord, California that received a Coronavirus-related PPP loan from the SBA of $24,893.00 in June, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Wells Fargo Bank, National Association
Floor To Ceiling in Concord, CA received a Paycheck Protection Loan of $24,893 through Wells Fargo Bank, National Association, which was approved in June, 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
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, Floor To Ceiling's 2019 payroll expenses are estimated to be at least $119,486.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $29,872 per employee1
Reported PPP Proceed Usage:
On the PPP application, Floor To Ceiling reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,893
Business Information - Floor To Ceiling in Concord, CA
5264 Concord Blvd.
Concord, CA 94521
All Other Specialty Trade Contractors
NAICS code 238990
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Concord
In the Concord area, 25 businesses in the "All Other Specialty Trade Contractors" industry received a PPP loan. These local businesses reported an average of 16 employees (compared to this company's 4) and received an average PPP loan of $222,145 (compared to this company's $24,893).
Similar Nearby Businesses Who Received PPP Funding:
Diablo Glass Inc
AV Structural Inc
Contra Costa Door Co
D C S Inc
Fence And Gate Crafters
Creative Ceiling Inc
California Lumber Company, Inc
Holland Brooks Builders Inc
RC Fences And Decks
Industry PPP Comparison Statistics
Nationwide, 93,400 businesses in the "All Other Specialty Trade Contractors" industry received a total of $8.04B 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 8 employees, 100% higher than Floor To Ceiling's reported 4 employees, and received an average PPP loan of $86,076, 246% higher than this company's loan of $24,893.
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Footnotes & Information
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