PPP Loan Data — Higgins Accountancy, Inc, Riverside, CA
Higgins Accountancy, Inc is a subchapter s corporation located at 4826 Arlington Avenue in Riverside, California that received a Coronavirus-related PPP loan from the SBA of $24,810.00 in August, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:FC Marketplace, LLC (dba Funding Circle)
Higgins Accountancy, Inc in Riverside, CA received a Paycheck Protection Loan of $24,810 through FC Marketplace, LLC (dba Funding Circle), which was approved in August, 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, Higgins Accountancy, Inc's 2019 payroll expenses are estimated to be at least $119,088.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $39,696 per employee1
Reported PPP Proceed Usage:
On the PPP application, Higgins Accountancy, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,810
Business Information - Higgins Accountancy, Inc in Riverside, CA
4826 Arlington Avenue
Riverside, CA 92504
Offices of Certified Public Accountants
NAICS code 541211
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Riverside
In the Riverside area, 8 businesses in the "Offices of Certified Public Accountants" industry received a PPP loan. These local businesses reported an average of 3 employees (compared to this company's 3) and received an average PPP loan of $20,996 (compared to this company's $24,810).
Similar Nearby Businesses Who Received PPP Funding:
Casillas Accountancy Group, Inc
Lilla Hopkins Associates
Vollmer & Associates, CPAs
Lois Tomlinson CPA
LJ Pillay & Associates
Industry PPP Comparison Statistics
Nationwide, 57,013 businesses in the "Offices of Certified Public Accountants" industry received a total of $4.21B 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, 100% higher than Higgins Accountancy, Inc's reported 3 employees, and received an average PPP loan of $73,772, 197% higher than this company's loan of $24,810.
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Footnotes & Information
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