PPP Loan Data — Huong Lan Sandwiches 4, Inc, Milpitas, CA
Huong Lan Sandwiches 4, Inc is a corporation located at 41 Serra Way Ste 108 in Milpitas, California that received a Coronavirus-related PPP loan from the SBA of $24,902.00 in May, 2020.
The company has reported itself as an Asian female owned business, and employed at least ten people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:JPMorgan Chase Bank, National Association
Huong Lan Sandwiches 4, Inc in Milpitas, CA received a Paycheck Protection Loan of $24,902 through JPMorgan Chase Bank, National Association, which was approved in May, 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, Huong Lan Sandwiches 4, Inc's 2019 payroll expenses are estimated to be at least $119,530.
Based on their reported 10 jobs retained, this equals an estimated average yearly compensation of $11,953 per employee1
Reported PPP Proceed Usage:
On the PPP application, Huong Lan Sandwiches 4, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,902
Business Information - Huong Lan Sandwiches 4, Inc in Milpitas, CA
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
Industry PPP Comparison Statistics
PPP recipients in this industry report an average of 0 employees, 100% lower than Huong Lan Sandwiches 4, Inc's reported 10 employees, and received an average PPP loan of $0, 100% lower than this company's loan of $24,902.
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Footnotes & Information
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