PPP Loan Data — Mahesh Shah, Alameda, CA
Entity: Sole Proprietorship
Industry: Metal Coating, Engraving (except Jewelry and Silverware), and Allied Services to Manufacturers
Location: Alameda, CATweet This • Search All PPP Data
Mahesh Shah is a sole proprietorship located at 1401 1/2park Street in Alameda, California that received a Coronavirus-related PPP loan from the SBA of $24,900.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Mahesh Shah in Alameda, CA received a Paycheck Protection Loan of $24,900 through Citibank, N.A., 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, Mahesh Shah's 2019 payroll expenses are estimated to be at least $119,520.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $59,760 per employee1
Reported PPP Proceed Usage:
On the PPP application, Mahesh Shah reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,900
Business Information - Mahesh Shah in Alameda, CA
1401 1/2park Street
Alameda, CA 94501
Metal Coating, Engraving (except Jewelry and Silverware), and Allied Services to Manufacturers
NAICS code 332812
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 2,572 businesses in the "Metal Coating, Engraving (except Jewelry and Silverware), and Allied Services to Manufacturers" industry received a total of $431.73M 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 17 employees, 750% higher than Mahesh Shah's reported 2 employees, and received an average PPP loan of $167,859, 574% higher than this company's loan of $24,900.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!