PPP Loan Data — Kartar S. Atwal Investments Company, Inc, Sacramento, CA
Kartar S. Atwal Investments Company, Inc is a corporation located at 3053 Freeport Blvd in Sacramento, California that received a Coronavirus-related PPP loan from the SBA of $45,800.00 in April, 2020. This business is a The UPS Store (f/k/a Mail Box Etc dba The UPS Store) franchise.
PPP Loan Information
Loan Status:Ongoing Loan
Kartar S. Atwal Investments Company, Inc in Sacramento, CA received a Paycheck Protection Loan of $45,800 through Continental Bank, which was approved in April, 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, Kartar S. Atwal Investments Company, Inc's 2019 payroll expenses are estimated to be at least $219,840.
Based on their reported 21 jobs retained, this equals an estimated average yearly compensation of $10,469 per employee1
Reported PPP Proceed Usage:
On the PPP application, Kartar S. Atwal Investments Company, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $45,800
Business Information - Kartar S. Atwal Investments Company, Inc in Sacramento, CA
3053 Freeport Blvd
Sacramento, CA 95818
Couriers and Express Delivery Services
NAICS code 492110
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Sacramento
In the Sacramento area, 16 businesses in the "Couriers and Express Delivery Services" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 21) and received an average PPP loan of $9,182 (compared to this company's $45,800).
Similar Nearby Businesses Who Received PPP Funding:
Industry PPP Comparison Statistics
Nationwide, 90,334 businesses in the "Couriers and Express Delivery Services" industry received a total of $1.39B 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 2 employees, 90% lower than Kartar S. Atwal Investments Company, Inc's reported 21 employees, and received an average PPP loan of $15,334, 67% lower than this company's loan of $45,800.
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Footnotes & Information
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