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PPP Loan Data — J K Bay Area Inc,
San Ramon, CA
FRANCHISE
CAJ K Bay Area Inc
Entity: Corporation
Industry: Limited-Service Restaurants
Franchise: Round Table Pizza
Location: San Ramon, CA
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J K Bay Area Inc is a corporation located at 231 Market Pl in San Ramon, California that received a Coronavirus-related PPP loan from the SBA of $275,860.00 in April, 2020. This business is a Round Table Pizza franchise.
The company has reported itself as a female owned business, and employed at least 70 people during the applicable loan loan period.
$
PPP Loan Information
Loan #8483247007
Loan Size:
Jobs Retained:
70Loan Approved:
2020-04-08Loan Status:
Paid in Full or ForgivenLender:
United Business BankJ K Bay Area Inc in San Ramon, CA received a Paycheck Protection Loan of $275,860 through United Business Bank, 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 MoreUnderstanding 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 MoreBased 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, J K Bay Area Inc's 2019 payroll expenses are estimated to be at least $1.32M.
Based on their reported 70 jobs retained, this equals an estimated average yearly compensation of $18,916 per employee1
Reported PPP Proceed Usage:
On the PPP application, J K Bay Area Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $207,171
- Utilities: $10,483
- Rent: $58,206
Business Information - J K Bay Area Inc in San Ramon, CA
231 Market Pl
San Ramon, CA 94583
Business Industry:
Limited-Service Restaurants
NAICS code 722513
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Female Owned
Veteran Status: Non-Veteran
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Businesses Using Same Address:
There are 5 other businesses that received a PPP loan registered to the same address as J K Bay Area Inc.
Giarya Inc
Unclassified Establishments
Tom Tse LLC
All Other Miscellaneous Store Retailers (except Tobacco Stores)
ALI Mozahhabian
General Freight Trucking, Local
Mygoride Inc
Charter Bus Industry
S2Insight Inc
Environmental Consulting Services
Similar Companies near San Ramon
In the San Ramon area, 36 businesses in the "Limited-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 32 employees (compared to this company's 70) and received an average PPP loan of $310,618 (compared to this company's $275,860).
Similar Nearby Businesses Who Received PPP Funding:
Raj's Westend Pizza Inc
San Ramon, CA
Spreadz Deli LLC
San Ramon, CA
Bagel Street Cafe
San Ramon, CA
GSW Food Partners LLC
San Ramon, CA
Isp2 San Ramon Inc
San Ramon, CA
The Shish Grill Inc
San Ramon, CA
Branik Farms Inc
San Ramon, CA
Mac-D Concord Inc
San Ramon, CA
J. K. Trade, Inc
San Ramon, CA
Industry PPP Comparison Statistics
Nationwide, 136,544 businesses in the "Limited-Service Restaurants" industry received a total of $13.87B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 2% of the total PPP funding allocated.
PPP recipients in this industry report an average of 21 employees, 70% lower than J K Bay Area Inc's reported 70 employees, and received an average PPP loan of $101,555, 63% lower than this company's loan of $275,860.
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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