PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Homage LLC, San Francisco, CA

ALERT: There are 2 PPP loans for a total of $234,926 in our database for businesses with the name "Homage LLC" in San Francisco, CA. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for Homage LLC
CA

Homage LLC

Entity: Limited Liability Company (LLC)

Industry: Full-Service Restaurants

Location: San Francisco, CA

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Homage LLC is a limited liability company (LLC) located at 88 Hardie Pl in San Francisco, California that received a Coronavirus-related PPP loan from the SBA of $138,682.00 in January, 2021.

The company has reported itself as a White male owned business, and employed at least ten people during the applicable loan loan period.

$ PPP Loan Information
Loan #7217628307

Loan Size:

$138,682

Jobs Retained:

10

Loan Approved:

2021-01-28

Loan Status:

Paid in Full or Forgiven

Lender:

Cross River Bank

Homage LLC in San Francisco, CA received a Paycheck Protection Loan of $138,682 through Cross River Bank, which was approved in January, 2021.

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 August, 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 More
Understanding 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 More

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, Homage LLC's 2019 payroll expenses are estimated to be at least $665,674.

Based on their reported 10 jobs retained, this equals an estimated average yearly compensation of $66,567 per employee1

Reported PPP Proceed Usage:

On the PPP application, Homage LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $138,679
  • Utilities: $1

Business Information - Homage LLC in San Francisco, CA

Homage LLC
88 Hardie Pl
San Francisco, CA 94108

Business Industry:
Full-Service Restaurants
NAICS code 722511

Business Owner Demographics

Race: White

Ethnicity: Not Hispanic or Latino

Gender: Male Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: Y

HUBZone: Y

Rural / Urban: Urban

San Francisco County, CA — SBA Office 0912 — Congressional District: CA-12

Similar Companies near San Francisco

In the San Francisco area, 402 businesses in the "Full-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 21 employees (compared to this company's 10) and received an average PPP loan of $187,831 (compared to this company's $138,682).

Industry PPP Comparison Statistics

Nationwide, 326,480 businesses in the "Full-Service Restaurants" industry received a total of $42.51B in PPP loans. These businesses account for 3% of total PPP applications submitted, and received 5% of the total PPP funding allocated.

PPP recipients in this industry report an average of 22 employees, 120% higher than Homage LLC's reported 10 employees, and received an average PPP loan of $130,209, 6% lower than this company's loan of $138,682.

SBA PPP loan data, payroll data, and salaries for Homage LLC
CA

Homage LLC

Entity: Limited Liability Company (LLC)

Industry: Family Clothing Stores

Location: San Francisco, CA

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Homage LLC is a limited liability company (LLC) located at 88 Hardie Pl in San Francisco, California that received a Coronavirus-related PPP loan from the SBA of $96,244.00 in April, 2020.

The company has reported itself as a White male owned business, and employed at least seven people during the applicable loan loan period.

$ PPP Loan Information
Loan #9379137101

Loan Size:

$96,244

Jobs Retained:

7

Loan Approved:

2020-04-15

Loan Status:

Paid in Full or Forgiven

Lender:

Heritage Bank of Commerce

Homage LLC in San Francisco, CA received a Paycheck Protection Loan of $96,244 through Heritage Bank of Commerce, 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 May, 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 More
Understanding 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 More

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, Homage LLC's 2019 payroll expenses are estimated to be at least $461,971.

Based on their reported 7 jobs retained, this equals an estimated average yearly compensation of $65,996 per employee1

Reported PPP Proceed Usage:

On the PPP application, Homage LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $96,244

Business Information - Homage LLC in San Francisco, CA

Homage LLC
88 Hardie Pl
San Francisco, CA 94108

Business Industry:
Family Clothing Stores
NAICS code 448140

Business Owner Demographics

Race: White

Ethnicity: Not Hispanic or Latino

Gender: Male Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: Y

HUBZone: Y

Rural / Urban: Urban

San Francisco County, CA — SBA Office 0912 — Congressional District: CA-12

Similar Companies near San Francisco

In the San Francisco area, 6 businesses in the "Family Clothing Stores" industry received a PPP loan. These local businesses reported an average of 68 employees (compared to this company's 7) and received an average PPP loan of $775,864 (compared to this company's $96,244).

Industry PPP Comparison Statistics

Nationwide, 15,059 businesses in the "Family Clothing Stores" industry received a total of $502.17M 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 5 employees, 29% lower than Homage LLC's reported 7 employees, and received an average PPP loan of $33,347, 65% lower than this company's loan of $96,244.

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.

Search FederalPay's Full PPP Loan Database

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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/homage-llc-san-francisco-ca