PPP Loan Data — Manamaya Inc, Albany, CA
Manamaya Inc is a corporation located at 854 San Pablo Ave in Albany, California that received a Coronavirus-related PPP loan from the SBA of $25,189.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Wells Fargo Bank, National Association
Manamaya Inc in Albany, CA received a Paycheck Protection Loan of $25,189 through Wells Fargo Bank, National Association, which was approved in May, 2020.
This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.
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, Manamaya Inc's 2019 payroll expenses are estimated to be at least $120,907.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $24,181 per employee1
Reported PPP Proceed Usage:
On the PPP application, Manamaya Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,189
Business Information - Manamaya Inc in Albany, CA
854 San Pablo Ave
Albany, CA 94706
NAICS code 999990
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Albany
In the Albany area, 31 businesses in the "Unclassified Establishments" industry received a PPP loan. These local businesses reported an average of 7 employees (compared to this company's 5) and received an average PPP loan of $35,492 (compared to this company's $25,189).
Similar Nearby Businesses Who Received PPP Funding:
Devoe & Company, LLC
Elements Plus Inc
Matthew Millman Photography
Haiku Ventures LLC
Raven And The Bow LLC
Industry PPP Comparison Statistics
Nationwide, 85,647 businesses in the "Unclassified Establishments" industry received a total of $3.67B 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, 100% higher than Manamaya Inc's reported 5 employees, and received an average PPP loan of $42,878, 70% higher than this company's loan of $25,189.
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Footnotes & Information
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