PPP Loan Data — La Amapola Inc, Santa Fe Springs, CA
La Amapola Inc
Entity: Subchapter S Corporation
Location: Santa Fe Springs, CATweet This • Search All PPP Data
La Amapola Inc is a subchapter s corporation located at 10020 Norwalk Blvd in Santa Fe Springs, California that received a Coronavirus-related PPP loan from the SBA of $2,153,670.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 245 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:First Bank of the Lake
La Amapola Inc in Santa Fe Springs, CA received a Paycheck Protection Loan of $2.15M through First Bank of the Lake, 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, La Amapola Inc's 2019 payroll expenses are estimated to be at least $10.34M.
Based on their reported 245 jobs retained, this equals an estimated average yearly compensation of $42,194 per employee1
Reported PPP Proceed Usage:
On the PPP application, La Amapola Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,153,670
Business Information - La Amapola Inc in Santa Fe Springs, CA
10020 Norwalk Blvd
Santa Fe Springs, CA 90670
Supermarkets and Other Grocery (except Convenience) Stores
NAICS code 445110
Business Owner Demographics
Ethnicity: Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Santa Fe Springs
In the Santa Fe Springs area, 3 businesses in the "Supermarkets and Other Grocery (except Convenience) Stores" industry received a PPP loan. These local businesses reported an average of 249 employees (compared to this company's 245) and received an average PPP loan of $1,871,678 (compared to this company's $2.15M).
Similar Nearby Businesses Who Received PPP Funding:
Mother's Nutritional Center, Inc
Santa Fe Springs, CA
El Tapatio Mexican Grill, Inc
Santa Fe Springs, CA
Industry PPP Comparison Statistics
Nationwide, 25,599 businesses in the "Supermarkets and Other Grocery (except Convenience) Stores" industry received a total of $2.27B 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 18 employees, 93% lower than La Amapola Inc's reported 245 employees, and received an average PPP loan of $88,740, 96% lower than this company's loan of $2.15M.
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