PPP Loan Data — Kabariti Am Pm, Lathrop, CA
Kabariti Am Pm is a sole proprietorship located at 85 E Louise Ave in Lathrop, California that received a Coronavirus-related PPP loan from the SBA of $25,267.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Wells Fargo Bank, National Association
Kabariti Am Pm in Lathrop, CA received a Paycheck Protection Loan of $25,267 through Wells Fargo Bank, National Association, which was approved in May, 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, Kabariti Am Pm's 2019 payroll expenses are estimated to be at least $121,282.
Based on their reported 12 jobs retained, this equals an estimated average yearly compensation of $10,107 per employee1
Reported PPP Proceed Usage:
On the PPP application, Kabariti Am Pm reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,267
Business Information - Kabariti Am Pm in Lathrop, CA
85 E Louise Ave
Lathrop, CA 95330
Gasoline Stations with Convenience Stores
NAICS code 447110
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, 45,026 businesses in the "Gasoline Stations with Convenience Stores" industry received a total of $2.06B 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 10 employees, 17% lower than Kabariti Am Pm's reported 12 employees, and received an average PPP loan of $45,821, 81% higher than this company's loan of $25,267.
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Footnotes & Information
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