PPP Loan Data — Go Yummy Irvine, Inc, Irvine, CA
Go Yummy Irvine, Inc
Location: Irvine, CATweet This • Search All PPP Data
Go Yummy Irvine, Inc is a corporation located at 15333 Culver Dr Ste 430 in Irvine, California that received a Coronavirus-related PPP loan from the SBA of $25,407.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Bank of America, National Association
Go Yummy Irvine, Inc in Irvine, CA received a Paycheck Protection Loan of $25,407 through Bank of America, National Association, which was approved in May, 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, Go Yummy Irvine, Inc's 2019 payroll expenses are estimated to be at least $121,954.
Based on their reported 6 jobs retained, this equals an estimated average yearly compensation of $20,326 per employee1
Reported PPP Proceed Usage:
On the PPP application, Go Yummy Irvine, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,407
Business Information - Go Yummy Irvine, Inc in Irvine, CA
15333 Culver Dr Ste 430
Irvine, CA 92604
All Other Miscellaneous Store Retailers (except Tobacco Stores)
NAICS code 453998
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Irvine
In the Irvine area, 31 businesses in the "All Other Miscellaneous Store Retailers (except Tobacco Stores)" industry received a PPP loan. These local businesses reported an average of 5 employees (compared to this company's 6) and received an average PPP loan of $22,669 (compared to this company's $25,407).
Similar Nearby Businesses Who Received PPP Funding:
Amir Saati DBA Saati Accounting
Ravand Enterprises DBA Assal Pastry
Blake M Brewer DBA Blake M Brewer
Z&Z Cream Inc
Big Onion LLC
Vacuum Depot Irvine Corporation
Industry PPP Comparison Statistics
Nationwide, 152,436 businesses in the "All Other Miscellaneous Store Retailers (except Tobacco Stores)" industry received a total of $5.23B 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 4 employees, 33% lower than Go Yummy Irvine, Inc's reported 6 employees, and received an average PPP loan of $34,329, 35% higher than this company's loan of $25,407.
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