PPP Loan Data — Krista C Geddes, Chico, CA
Krista C Geddes is a sole proprietorship located in Chico, California that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:U.S. Bank, National Association
Krista C Geddes in Chico, CA received a Paycheck Protection Loan of $25,000 through U.S. Bank, National Association, which was approved in May, 2020.
The minimum number of employees this company must have had in 2019 to qualify for the loan range received is 1. This estimation is accurate if all employees were paid at or over the $100k PPP salary eligibility cap.
Reported PPP Proceed Usage:
On the PPP application, Krista C Geddes reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - Krista C Geddes in Chico, CA
* Full address is redacted to protect the privacy of individuals.
Offices of Lawyers
NAICS code 541110
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Chico
In the Chico area, 21 businesses in the "Offices of Lawyers" industry received a PPP loan. These local businesses reported an average of 4 employees (compared to this company's 1) and received an average PPP loan of $45,783 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
Michael M Rooney
Saul Henson, PC
Power Law PC
Mckernan Lanam Bakke Williams LLP
Dennis M. Latimer
Raymond L. Sandelman
Richard S. Matson Law Office, Inc
Industry PPP Comparison Statistics
Nationwide, 200,895 businesses in the "Offices of Lawyers" industry received a total of $16.38B 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 6 employees, 500% higher than Krista C Geddes' reported 1 employees, and received an average PPP loan of $81,518, 226% higher than this company's loan of $25,000.
FederalPay's PPP Information Policy
Footnotes & Information
3. Since the PPP eligibility will include a maximum of $100k in salary expenses for each employee in the qualifying period, the minimum number of employees required to be eligible for a given PPP loan amount can be calculated by the following equation: ((LOAN AMOUNT/2.5 months) * 12 months) / 100k max salary. If a company reports fewer employees than this amount on their PPP application, it is likely because they had more employees on payroll during the qualifying period.
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