PPP Loan Data — Just Sent It Postal, Citrus Heights, CA
Just Sent It Postal is a sole proprietorship located at 7889 Lichen Dr in Citrus Heights, California that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in May, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Just Sent It Postal in Citrus Heights, CA received a Paycheck Protection Loan of $25,000 through Umpqua Bank, 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 June, 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, Just Sent It Postal's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $40,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, Just Sent It Postal reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - Just Sent It Postal in Citrus Heights, CA
7889 Lichen Dr
Citrus Heights, CA 95621
Packing and Crating
NAICS code 488991
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 1,244 businesses in the "Packing and Crating" industry received a total of $138.41M 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 13 employees, 333% higher than Just Sent It Postal's reported 3 employees, and received an average PPP loan of $111,265, 345% higher than this company's loan of $25,000.
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Footnotes & Information
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