PPP Loan Data — Horizon Pet Supply, Winchester, CA
Horizon Pet Supply is a sole proprietorship located at 30688 Benton Rd Ste B103 in Winchester, California that received a Coronavirus-related PPP loan from the SBA of $47,047.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Bank of America, National Association
Horizon Pet Supply in Winchester, CA received a Paycheck Protection Loan of $47,047 through Bank of America, National Association, which was approved in May, 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, Horizon Pet Supply's 2019 payroll expenses are estimated to be at least $225,826.
Based on their reported 10 jobs retained, this equals an estimated average yearly compensation of $22,583 per employee1
Reported PPP Proceed Usage:
On the PPP application, Horizon Pet Supply reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $47,047
Business Information - Horizon Pet Supply in Winchester, CA
30688 Benton Rd Ste B103
Winchester, CA 92596
Pet and Pet Supplies Stores
NAICS code 453910
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 5,559 businesses in the "Pet and Pet Supplies Stores" industry received a total of $268.67M 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 8 employees, 20% lower than Horizon Pet Supply's reported 10 employees, and received an average PPP loan of $48,330, 3% higher than this company's loan of $47,047.
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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