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PPP Loan Data — Joseph Simaie, Glendale, CA

ALERT: There are 2 PPP loans for a total of $40,356 in our database for businesses with the name "Joseph Simaie" in Glendale, CA. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for Joseph Simaie
CA

Joseph Simaie

Entity: Limited Liability Company (LLC)

Industry: All Other Professional, Scientific, and Technical Services

Location: Glendale, CA

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Joseph Simaie is a limited liability company (LLC) located in Glendale, California that received a Coronavirus-related PPP loan from the SBA of $19,956.00 in April, 2021.

$ PPP Loan Information
Loan #5248768710

Loan Size:

$19,956

Jobs Retained:

1

Loan Approved:

2021-04-02

Loan Status:

Paid in Full or Forgiven

Lender:

FC Marketplace, LLC (dba Funding Circle)

Joseph Simaie in Glendale, CA received a Paycheck Protection Loan of $19,956 through FC Marketplace, LLC (dba Funding Circle), which was approved in April, 2021.

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 October, 2021.


PPP Calculation Note: The total PPP loan an eligible business or individual can receive is based on 2.5 times their average monthly 2019 payroll expenses, capped at $100,000 annually per employee.

Reported PPP Proceed Usage:

On the PPP application, Joseph Simaie reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $19,952
  • Utilities: $1

Business Information - Joseph Simaie in Glendale, CA

Joseph Simaie
Glendale, CA
* Full address is redacted to protect the privacy of individuals.

Business Industry:
All Other Professional, Scientific, and Technical Services
NAICS code 541990

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: Y

Rural / Urban: Urban

Los Angeles County, CA — SBA Office 0914 — Congressional District: CA-28

Similar Companies near Glendale

In the Glendale area, 78 businesses in the "All Other Professional, Scientific, and Technical Services" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 1) and received an average PPP loan of $19,949 (compared to this company's $19,956).

Industry PPP Comparison Statistics

Nationwide, 128,302 businesses in the "All Other Professional, Scientific, and Technical Services" industry received a total of $7.37B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.

PPP recipients in this industry report an average of 5 employees, 400% higher than Joseph Simaie's reported 1 employees, and received an average PPP loan of $57,481, 188% higher than this company's loan of $19,956.

SBA PPP loan data, payroll data, and salaries for Joseph Simaie
CA

Joseph Simaie

Entity: Sole Proprietorship

Industry: Offices of Dentists

Location: Glendale, CA

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Joseph Simaie is a sole proprietorship located in Glendale, California that received a Coronavirus-related PPP loan from the SBA of $20,400.00 in January, 2021.

$ PPP Loan Information
Loan #2531948304

Loan Size:

$20,400

Jobs Retained:

1

Loan Approved:

2021-01-21

Loan Status:

Ongoing Loan

Lender:

Wells Fargo Bank, National Association

Joseph Simaie in Glendale, CA received a Paycheck Protection Loan of $20,400 through Wells Fargo Bank, National Association, which was approved in January, 2021.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA. The loan's status was last updated by the SBA in November, -0001.


PPP Calculation Note: The total PPP loan an eligible business or individual can receive is based on 2.5 times their average monthly 2019 payroll expenses, capped at $100,000 annually per employee.

Reported PPP Proceed Usage:

On the PPP application, Joseph Simaie reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $20,396
  • Utilities: $1

Business Information - Joseph Simaie in Glendale, CA

Joseph Simaie
Glendale, CA
* Full address is redacted to protect the privacy of individuals.

Business Industry:
Offices of Dentists
NAICS code 621210

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: Y

HUBZone: Y

Rural / Urban: Urban

Los Angeles County, CA — SBA Office 0914 — Congressional District: CA-28

Similar Companies near Glendale

In the Glendale area, 126 businesses in the "Offices of Dentists" industry received a PPP loan. These local businesses reported an average of 5 employees (compared to this company's 1) and received an average PPP loan of $42,145 (compared to this company's $20,400).

Industry PPP Comparison Statistics

Nationwide, 173,223 businesses in the "Offices of Dentists" industry received a total of $13.99B in PPP loans. These businesses account for 2% of total PPP applications submitted, and received 2% of the total PPP funding allocated.

PPP recipients in this industry report an average of 8 employees, 700% higher than Joseph Simaie's reported 1 employees, and received an average PPP loan of $80,744, 296% higher than this company's loan of $20,400.

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.

Search FederalPay's Full PPP Loan Database

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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/joseph-simaie-glendale-ca