PPP Loan Data — Hothi Brothers Inc DBA Little Caesars, Rocklin, CA
Hothi Brothers Inc DBA Little Caesars is a corporation located at 2164 Sunset Blvd. Suite 204 in Rocklin, California that received a Coronavirus-related PPP loan from the SBA of $46,674.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Wells Fargo Bank, National Association
Hothi Brothers Inc DBA Little Caesars in Rocklin, CA received a Paycheck Protection Loan of $46,674 through Wells Fargo Bank, 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 April, 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, Hothi Brothers Inc DBA Little Caesars' 2019 payroll expenses are estimated to be at least $224,035.
Based on their reported 15 jobs retained, this equals an estimated average yearly compensation of $14,936 per employee1
Reported PPP Proceed Usage:
On the PPP application, Hothi Brothers Inc DBA Little Caesars reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,674
Business Information - Hothi Brothers Inc DBA Little Caesars in Rocklin, CA
2164 Sunset Blvd. Suite 204
Rocklin, CA 95765
All Other Specialty Food Stores
NAICS code 445299
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Rocklin
In the Rocklin area, 4 businesses in the "All Other Specialty Food Stores" industry received a PPP loan. These local businesses reported an average of 14 employees (compared to this company's 15) and received an average PPP loan of $39,989 (compared to this company's $46,674).
Similar Nearby Businesses Who Received PPP Funding:
FRO Zone LLC
Hothi Brothers Inc
Industry PPP Comparison Statistics
Nationwide, 13,977 businesses in the "All Other Specialty Food Stores" industry received a total of $690.79M 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 11 employees, 27% lower than Hothi Brothers Inc DBA Little Caesars' reported 15 employees, and received an average PPP loan of $49,423, 6% higher than this company's loan of $46,674.
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Footnotes & Information
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