PPP Loan Data — Gina Olivas, Murrieta, CA
Gina Olivas is a sole proprietorship located at 37957 Pereza Ct in Murrieta, California that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Wells Fargo Bank, National Association
Gina Olivas in Murrieta, CA received a Paycheck Protection Loan of $25,000 through Wells Fargo Bank, National Association, which was approved in May, 2020.
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.
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, Gina Olivas' 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $24,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, Gina Olivas reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - Gina Olivas in Murrieta, CA
37957 Pereza Ct
Murrieta, CA 92563
NAICS code 561720
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Murrieta
In the Murrieta area, 35 businesses in the "Janitorial Services" industry received a PPP loan. These local businesses reported an average of 12 employees (compared to this company's 5) and received an average PPP loan of $35,596 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
Pulido Cleaning & Restoration, Inc
Rangel Janitorial Inc
Industry PPP Comparison Statistics
Nationwide, 146,067 businesses in the "Janitorial Services" industry received a total of $4.43B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 5 employees, the same amount reported by Gina Olivas and received an average PPP loan of $30,311, 21% higher than this company's loan of $25,000.
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Footnotes & Information
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