PPP Loan Data — L.n. Curtis And Sons, Walnut Creek, CA
L.n. Curtis And Sons
Location: Walnut Creek, CATweet This • Search All PPP Data
L.n. Curtis And Sons is a corporation located at 185 Lennon Ln Ste 110 in Walnut Creek, California that received a Coronavirus-related PPP loan from the SBA of $2,550,400.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Western Alliance Bank
L.n. Curtis And Sons in Walnut Creek, CA received a Paycheck Protection Loan of $2.55M through Western Alliance 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, L.n. Curtis And Sons' 2019 payroll expenses are estimated to be at least $12.24M.
Based on their reported 270 jobs retained, this equals an estimated average yearly compensation of $45,340 per employee1
Reported PPP Proceed Usage:
On the PPP application, L.n. Curtis And Sons reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,166,779
- Utilities: $49,494
- Rent: $334,127
Business Information - L.n. Curtis And Sons in Walnut Creek, CA
185 Lennon Ln Ste 110
Walnut Creek, CA 94598
Service Establishment Equipment and Supplies Merchant Wholesalers
NAICS code 423850
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Walnut Creek
In the Walnut Creek area, 2 businesses in the "Service Establishment Equipment and Supplies Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 136 employees (compared to this company's 270) and received an average PPP loan of $1,285,200 (compared to this company's $2.55M).
Similar Nearby Businesses Who Received PPP Funding:
Hair By Melissa Vincent
Walnut Creek, CA
Industry PPP Comparison Statistics
Nationwide, 4,109 businesses in the "Service Establishment Equipment and Supplies Merchant Wholesalers" industry received a total of $423.68M 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, 96% lower than L.n. Curtis And Sons' reported 270 employees, and received an average PPP loan of $103,111, 96% lower than this company's loan of $2.55M.
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Footnotes & Information
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