PPP Loan Data — MEI Jui Mary Tu CPA Inc, Walnut, CA
MEI Jui Mary Tu CPA Inc is a corporation located at 20549 Valley Blvd in Walnut, California that received a Coronavirus-related PPP loan from the SBA of $25,132.00 in May, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Wells Fargo Bank, National Association
MEI Jui Mary Tu CPA Inc in Walnut, CA received a Paycheck Protection Loan of $25,132 through Wells Fargo Bank, National Association, 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 June, 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, MEI Jui Mary Tu CPA Inc's 2019 payroll expenses are estimated to be at least $120,634.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $40,211 per employee1
Reported PPP Proceed Usage:
On the PPP application, MEI Jui Mary Tu CPA Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,132
Business Information - MEI Jui Mary Tu CPA Inc in Walnut, CA
20549 Valley Blvd
Walnut, CA 91789
Offices of Certified Public Accountants
NAICS code 541211
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
In the Walnut area, 24 businesses in the "Offices of Certified Public Accountants" industry received a PPP loan. These local businesses reported an average of 8 employees (compared to this company's 3) and received an average PPP loan of $36,816 (compared to this company's $25,132).
Similar Nearby Businesses Who Received PPP Funding:
Agustin Jerry B Ramos CPA
Precision Accountancy Corporation
Diamond Bar, CA
C&Z Accounting Corp
CPA Moms LLP
CCZ Accounting LLP
Diamond Bar, CA
Rachel Liang-Tan, CPA, Incorporated
Byung D Seo CPA Inc
Chung & Chung Accountancy Corporation Cp
Industry PPP Comparison Statistics
Nationwide, 57,013 businesses in the "Offices of Certified Public Accountants" industry received a total of $4.21B 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, 100% higher than MEI Jui Mary Tu CPA Inc's reported 3 employees, and received an average PPP loan of $73,772, 194% higher than this company's loan of $25,132.
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