PPP Loan Data — Freeman Racing Stable, LLC, Bonsall, CA
Freeman Racing Stable, LLC is a self-employed individual located at 5772 Camino Del Rey in Bonsall, California that received a Coronavirus-related PPP loan from the SBA of $46,747.00 in June, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Freeman Racing Stable, LLC in Bonsall, CA received a Paycheck Protection Loan of $46,747 through Customers 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, Freeman Racing Stable, LLC's 2019 payroll expenses are estimated to be at least $224,386.
Based on their reported 6 jobs retained, this equals an estimated average yearly compensation of $37,398 per employee1
Reported PPP Proceed Usage:
On the PPP application, Freeman Racing Stable, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,747
Business Information - Freeman Racing Stable, LLC in Bonsall, CA
5772 Camino Del Rey
Bonsall, CA 92003
Other Spectator Sports
NAICS code 711219
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 6,244 businesses in the "Other Spectator Sports" industry received a total of $204.46M 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 5 employees, 17% lower than Freeman Racing Stable, LLC's reported 6 employees, and received an average PPP loan of $32,745, 30% lower than this company's loan of $46,747.
FederalPay's PPP Information Policy
Footnotes & Information
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