PPP Loan Data — Hira-Vali LLC, Rialto, CA
Entity: Limited Liability Company (LLC)
Location: Rialto, CATweet This • Search All PPP Data
Hira-Vali LLC is a limited liability company (LLC) located at 1304 W Foothill Blvd Ste B in Rialto, California that received a Coronavirus-related PPP loan from the SBA of $24,970.00 in April, 2020.
The company has reported itself as a female owned business, and employed at least seven people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Bank of America, National Association
Hira-Vali LLC in Rialto, CA received a Paycheck Protection Loan of $24,970 through Bank of America, National Association, 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 February, 2021.
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, Hira-Vali LLC's 2019 payroll expenses are estimated to be at least $119,856.
Based on their reported 7 jobs retained, this equals an estimated average yearly compensation of $17,122 per employee1
Reported PPP Proceed Usage:
On the PPP application, Hira-Vali LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,970
Business Information - Hira-Vali LLC in Rialto, CA
1304 W Foothill Blvd Ste B
Rialto, CA 92376
Drycleaning and Laundry Services (except Coin-Operated)
NAICS code 812320
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Female Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Rialto
In the Rialto area, 5 businesses in the "Drycleaning and Laundry Services (except Coin-Operated)" industry received a PPP loan. These local businesses reported an average of 3 employees (compared to this company's 7) and received an average PPP loan of $18,318 (compared to this company's $24,970).
Similar Nearby Businesses Who Received PPP Funding:
A&A Cleaners Inc
Industry PPP Comparison Statistics
Nationwide, 29,150 businesses in the "Drycleaning and Laundry Services (except Coin-Operated)" industry received a total of $1.13B 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 7 employees, the same amount reported by Hira-Vali LLC and received an average PPP loan of $38,609, 55% higher than this company's loan of $24,970.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!