PPP Loan Data — Lassen Natural& Vitamins LLC, Ventura, CA
Lassen Natural& Vitamins LLC is a single member LLC located at 1650 Palma Dr in Ventura, California that received a Coronavirus-related PPP loan from the SBA of $2,500,000.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Bank of the Sierra
Lassen Natural& Vitamins LLC in Ventura, CA received a Paycheck Protection Loan of $2.5M through Bank of the Sierra, 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, Lassen Natural& Vitamins LLC's 2019 payroll expenses are estimated to be at least $12M.
Based on their reported 289 jobs retained, this equals an estimated average yearly compensation of $41,522 per employee1
Reported PPP Proceed Usage:
On the PPP application, Lassen Natural& Vitamins LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,500,000
Business Information - Lassen Natural& Vitamins LLC in Ventura, CA
1650 Palma Dr
Ventura, CA 93003
Food (Health) Supplement Stores
NAICS code 446191
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Ventura
In the Ventura area, 2 businesses in the "Food (Health) Supplement Stores" industry received a PPP loan. These local businesses reported an average of 145 employees (compared to this company's 289) and received an average PPP loan of $1,260,417 (compared to this company's $2.5M).
Similar Nearby Businesses Who Received PPP Funding:
Roseann Renee Regalado
Industry PPP Comparison Statistics
Nationwide, 8,057 businesses in the "Food (Health) Supplement Stores" industry received a total of $301.91M 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 5 employees, 98% lower than Lassen Natural& Vitamins LLC's reported 289 employees, and received an average PPP loan of $37,471, 99% lower than this company's loan of $2.5M.
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Footnotes & Information
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