PPP Loan Data — Louies Family Partnership, Sacramento, CA
Louies Family Partnership is a limited liability partnership located at 3300 12th Avenue in Sacramento, California that received a Coronavirus-related PPP loan from the SBA of $25,108.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Wells Fargo Bank, National Association
Louies Family Partnership in Sacramento, CA received a Paycheck Protection Loan of $25,108 through Wells Fargo Bank, National Association, which was approved in May, 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, Louies Family Partnership's 2019 payroll expenses are estimated to be at least $120,518.
Based on their reported 11 jobs retained, this equals an estimated average yearly compensation of $10,956 per employee1
Reported PPP Proceed Usage:
On the PPP application, Louies Family Partnership reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,108
Business Information - Louies Family Partnership in Sacramento, CA
3300 12th Avenue
Sacramento, CA 95817
NAICS code 445120
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Sacramento
In the Sacramento area, 4 businesses in the "Convenience Stores" industry received a PPP loan. These local businesses reported an average of 5 employees (compared to this company's 11) and received an average PPP loan of $13,053 (compared to this company's $25,108).
Similar Nearby Businesses Who Received PPP Funding:
Muir Way Market
Industry PPP Comparison Statistics
Nationwide, 30,055 businesses in the "Convenience Stores" industry received a total of $856.22M 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 6 employees, 45% lower than Louies Family Partnership's reported 11 employees, and received an average PPP loan of $28,488, 13% higher than this company's loan of $25,108.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!