PPP Loan Data — Keegan's Tax And Finance, Vallejo, CA
Keegan's Tax And Finance is a subchapter s corporation located at 1610 Tennessee Street in Vallejo, California that received a Coronavirus-related PPP loan from the SBA of $24,964.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Keegan's Tax And Finance in Vallejo, CA received a Paycheck Protection Loan of $24,964 through Travis CU, 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 January, 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, Keegan's Tax And Finance's 2019 payroll expenses are estimated to be at least $119,827.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $23,965 per employee1
Reported PPP Proceed Usage:
On the PPP application, Keegan's Tax And Finance reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,964
Business Information - Keegan's Tax And Finance in Vallejo, CA
1610 Tennessee Street
Vallejo, CA 94590
Tax Preparation Services
NAICS code 541213
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Vallejo
In the Vallejo area, 14 businesses in the "Tax Preparation Services" industry received a PPP loan. These local businesses reported an average of 3 employees (compared to this company's 5) and received an average PPP loan of $20,326 (compared to this company's $24,964).
Similar Nearby Businesses Who Received PPP Funding:
Gilliam Enterprises - Tax Consultants
Jose E Lara
Mallari's Tax & Accounting, LLC
Keegans Tax And Finance Inc
Industry PPP Comparison Statistics
Nationwide, 50,853 businesses in the "Tax Preparation Services" industry received a total of $1.1B 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 3 employees, 40% lower than Keegan's Tax And Finance's reported 5 employees, and received an average PPP loan of $21,684, 13% lower than this company's loan of $24,964.
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Footnotes & Information
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