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PPP Loan Data — Harold A. Steuber Enterprises Inc,
San Leandro, CA
Harold A. Steuber Enterprises Inc
Entity: Subchapter S Corporation
Industry: Vending Machine Operators
Location: San Leandro, CA
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Harold A. Steuber Enterprises Inc is a subchapter s corporation located at 600 Mccormick St in San Leandro, California that received a Coronavirus-related PPP loan from the SBA of $2,000,000.00 in March, 2021.
The company has reported itself as a White male owned business, and employed at least 95 people during the applicable loan loan period.
$
PPP Loan Information
Loan #3807468701
Loan Size:
Jobs Retained:
95Loan Approved:
2021-03-31Loan Status:
Ongoing LoanLender:
Summit BankHarold A. Steuber Enterprises Inc in San Leandro, CA received a Paycheck Protection Loan of $2M through Summit Bank, which was approved in March, 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.
The size of company's PPP loan indicates that the number of employees on payroll during the eligibility calculation period (typically 2019) was higher than the 95 jobs reported as retained on the PPP application3. This could be caused by a reduction in employment since 2019, due to Coronavirus or other factors.The minimum number of employees this company must have had in 2019 to qualify for the loan range received is 96. This estimation is accurate if all employees were paid at or over the $100k PPP salary eligibility cap.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased 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, Harold A. Steuber Enterprises Inc's 2019 payroll expenses are estimated to be at least $9.6M (not accounting for salary amounts > $100k).
Because the 95 jobs reported are not enough to account for the loan range received, per-employee payrolls cannot be estimated.
Reported PPP Proceed Usage:
On the PPP application, Harold A. Steuber Enterprises Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,999,995
- Utilities: $1
Business Information - Harold A. Steuber Enterprises Inc in San Leandro, CA
600 Mccormick St
San Leandro, CA 94577
Business Industry:
Vending Machine Operators
NAICS code 454210
Business Owner Demographics
Race: White
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: Y
HUBZone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 5,565 businesses in the "Vending Machine Operators" industry received a total of $304.21M 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 6 employees, 94% lower than Harold A. Steuber Enterprises Inc's reported 95 employees, and received an average PPP loan of $54,665, 97% lower than this company's loan of $2M.
Harold A. Steuber Enterprises, Inc
Entity: Subchapter S Corporation
Industry: Mobile Food Services
Location: San Leandro, CA
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Harold A. Steuber Enterprises, Inc is a subchapter s corporation located at 600 Mccormick St in San Leandro, California that received a Coronavirus-related PPP loan from the SBA of $2,554,127.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least 212 people during the applicable loan loan period.
$
PPP Loan Information
Loan #2516737110
Loan Size:
Jobs Retained:
212Loan Approved:
2020-04-10Loan Status:
Paid in Full or ForgivenLender:
Summit BankHarold A. Steuber Enterprises, Inc in San Leandro, CA received a Paycheck Protection Loan of $2.55M through Summit Bank, which was approved in April, 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 June, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased 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, Harold A. Steuber Enterprises, Inc's 2019 payroll expenses are estimated to be at least $12.26M.
Based on their reported 212 jobs retained, this equals an estimated average yearly compensation of $57,829 per employee1
Reported PPP Proceed Usage:
On the PPP application, Harold A. Steuber Enterprises, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,554,127
Business Information - Harold A. Steuber Enterprises, Inc in San Leandro, CA
600 Mccormick St
San Leandro, CA 94577
Business Industry:
Mobile Food Services
NAICS code 722330
Business Owner Demographics
Race: White
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: Y
HUBZone: N
Rural / Urban: Urban
Similar Companies near San Leandro
In the San Leandro area, 19 businesses in the "Mobile Food Services" industry received a PPP loan. These local businesses reported an average of 13 employees (compared to this company's 212) and received an average PPP loan of $155,448 (compared to this company's $2.55M).
Similar Nearby Businesses Who Received PPP Funding:
Rainbow Italian Ice
San Leandro, CA
Oscar Harper
San Leandro, CA
JL Petroleum Inc
San Leandro, CA
Erica White
San Leandro, CA
Michael Bell
San Leandro, CA
Simbiat Tijani-Qudus
San Leandro, CA
Taret Couvson
San Leandro, CA
Gourmet & More Inc
San Leandro, CA
Industry PPP Comparison Statistics
Nationwide, 34,178 businesses in the "Mobile Food Services" industry received a total of $686.02M 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 2 employees, 99% lower than Harold A. Steuber Enterprises, Inc's reported 212 employees, and received an average PPP loan of $20,072, 99% lower than this company's loan of $2.55M.
FederalPay's PPP Information Policy
Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan.
All information displayed on this page is publicly available information under PPP loan guidelines, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.
Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.
Footnotes & Information
1. Estimations for informational purposes only. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.
2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.
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