PPP Loan Data — Lakonia Properties LLC, Berkeley, CA
Lakonia Properties LLC
Entity: Limited Liability Company (LLC)
Location: Berkeley, CATweet This • Search All PPP Data
Lakonia Properties LLC is a limited liability company (LLC) located at 2052 San Pablo Ave in Berkeley, California that received a Coronavirus-related PPP loan from the SBA of $25,300.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least four people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:First Republic Bank
Lakonia Properties LLC in Berkeley, CA received a Paycheck Protection Loan of $25,300 through First Republic 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, Lakonia Properties LLC's 2019 payroll expenses are estimated to be at least $121,440.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $30,360 per employee1
Reported PPP Proceed Usage:
On the PPP application, Lakonia Properties LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,300
Business Information - Lakonia Properties LLC in Berkeley, CA
2052 San Pablo Ave
Berkeley, CA 94702
Lessors of Nonresidential Buildings (except Miniwarehouses)
NAICS code 531120
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 19,255 businesses in the "Lessors of Nonresidential Buildings (except Miniwarehouses)" industry received a total of $1.72B 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, 150% higher than Lakonia Properties LLC's reported 4 employees, and received an average PPP loan of $89,367, 253% higher than this company's loan of $25,300.
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Footnotes & Information
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