PPP Loan Data — Grand-Mandana Gas Station Inc, Oakland, CA
Grand-Mandana Gas Station Inc is a corporation located at 3374 Grand Ave in Oakland, California that received a Coronavirus-related PPP loan from the SBA of $46,016.00 in January, 2021.
The company has reported itself as an Asian female owned business, and employed at least eleven people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:First Bank of the Lake
Grand-Mandana Gas Station Inc in Oakland, CA received a Paycheck Protection Loan of $46,016 through First Bank of the Lake, which was approved in January, 2021.
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, Grand-Mandana Gas Station Inc's 2019 payroll expenses are estimated to be at least $220,877.
Based on their reported 11 jobs retained, this equals an estimated average yearly compensation of $20,080 per employee1
Reported PPP Proceed Usage:
On the PPP application, Grand-Mandana Gas Station Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,013
- Utilities: $1
Business Information - Grand-Mandana Gas Station Inc in Oakland, CA
3374 Grand Ave
Oakland, CA 94610
Gasoline Stations with Convenience Stores
NAICS code 447110
Business Owner Demographics
Gender: Female Owned
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Oakland
In the Oakland area, 11 businesses in the "Gasoline Stations with Convenience Stores" industry received a PPP loan. These local businesses reported an average of 11 employees (compared to this company's 11) and received an average PPP loan of $81,074 (compared to this company's $46,016).
Similar Nearby Businesses Who Received PPP Funding:
Lakeshore 76 Inc
Ha's Am Pm
Montclair Gas & Autocare LLC
Montclair Gas And Autocare LLC
Broadway Union 76 Inc
Quik Stop Market 3
Industry PPP Comparison Statistics
Nationwide, 45,026 businesses in the "Gasoline Stations with Convenience Stores" industry received a total of $2.06B 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, 9% lower than Grand-Mandana Gas Station Inc's reported 11 employees, and received an average PPP loan of $45,821, 0% higher than this company's loan of $46,016.
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Footnotes & Information
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