PPP Loan Data — Howland And Associates, Redding, CA
Howland And Associates is a corporation located at 1135 Pine St in Redding, California that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in June, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:U.S. Bank, National Association
Howland And Associates in Redding, CA received a Paycheck Protection Loan of $25,000 through U.S. Bank, National Association, which was approved in June, 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, Howland And Associates' 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $60,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, Howland And Associates reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - Howland And Associates in Redding, CA
1135 Pine St
Redding, CA 96001
Offices of Certified Public Accountants
NAICS code 541211
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Redding
In the Redding area, 24 businesses in the "Offices of Certified Public Accountants" industry received a PPP loan. These local businesses reported an average of 4 employees (compared to this company's 2) and received an average PPP loan of $44,302 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
J.r. Martin & Associates, APC
Evanhoe Kellogg & Co., Inc
T.r. Goyne & Company, CPA
Winkler And Associates Accountancy Corp
Dale Hamblin Accountancy Inc
Dennis L Fritz CPA
Hathaway Ksenzulak & Lapp LLP
D. H. Scott & Company
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, 200% higher than Howland And Associates' reported 2 employees, and received an average PPP loan of $73,772, 195% higher than this company's loan of $25,000.
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Footnotes & Information
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