PPP Loan Data — Laxmi Us 1234 Food Corporation, Lodi, CA
Laxmi Us 1234 Food Corporation
Location: Lodi, CATweet This • Search All PPP Data
Laxmi Us 1234 Food Corporation is a corporation located at 1230 W Kettleman Ln in Lodi, California that received a Coronavirus-related PPP loan from the SBA of $85,000.00 in May, 2020.
$ PPP Loan Information
Lender:BANK OF AMERICA, NATIONAL ASSOCIATION
Laxmi Us 1234 Food Corporation received a Paycheck Protection Loan of $85,000 through BANK OF AMERICA, NATIONAL ASSOCIATION, which was approved in May, 2020.
Based on standard PPP eligibility rules, Laxmi Us 1234 Food Corporation's total 2019 payroll expenses were approximately $408,000 in order to qualify for the PPP loan amount received.
Based on their reported 22 jobs retained, this equals an estimated average yearly compensation of $18,545 per employee1.
Business Information - Laxmi Us 1234 Food Corporation in Lodi, CA
1230 W Kettleman Ln
Lodi, CA 95240
Supermarkets and Other Grocery (except Convenience) Stores (NAICS code 445110)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: CA-09
Similar Companies near Lodi
In the Lodi area, 4 businesses in the "Supermarkets and Other Grocery (except Convenience) Stores" industry received a PPP loan. These local businesses reported an average of 12 employees (compared to this company's 22) and received an average PPP loan of $864,224 (compared to this company's $85,000).
Similar Nearby Businesses Who Received PPP Funding:
Incentive Promotions, Inc.
Hispanic Grocery Stores Inc
Industry PPP Comparison Statistics
Nationwide, 18,654 businesses in the "Supermarkets and Other Grocery (except Convenience) Stores" industry received a total of $2,017,651,016.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 19 employees, 14% lower than Laxmi Us 1234 Food Corporation's reported 22 employees, and received an average PPP loan of $108,162, 27% higher than this company's loan of $85,000.
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