PPP Loan Data — Lindbloom Septic Design, Inc, Auburn, CA
Lindbloom Septic Design, Inc
Entity: Subchapter S Corporation
Location: Auburn, CATweet This • Search All PPP Data
Lindbloom Septic Design, Inc is a subchapter s corporation located at 122 East St in Auburn, California that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in May, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:First Foundation Bank
Lindbloom Septic Design, Inc in Auburn, CA received a Paycheck Protection Loan of $25,000 through First Foundation Bank, which was approved in May, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in April, 2021.
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, Lindbloom Septic Design, Inc's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $40,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, Lindbloom Septic Design, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - Lindbloom Septic Design, Inc in Auburn, CA
122 East St
Auburn, CA 95603
Plumbing, Heating, and Air-Conditioning Contractors
NAICS code 238220
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Auburn
In the Auburn area, 32 businesses in the "Plumbing, Heating, and Air-Conditioning Contractors" industry received a PPP loan. These local businesses reported an average of 11 employees (compared to this company's 3) and received an average PPP loan of $161,628 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
Jeffco Plumbing, Inc
Bear River Mortgage Company, Inc
BDP Plumbing Inc
American Plumbing Systems, Inc
Forster Heating, Air Conditioning & Sheet Metal
Industry PPP Comparison Statistics
Nationwide, 105,811 businesses in the "Plumbing, Heating, and Air-Conditioning Contractors" industry received a total of $13.07B 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, 233% higher than Lindbloom Septic Design, Inc's reported 3 employees, and received an average PPP loan of $123,520, 394% higher than this company's loan of $25,000.
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