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PPP Loan Data — Meiho Inc,
Santa Ana, CA
Meiho Inc
Entity: Corporation
Industry: Limited-Service Restaurants
Location: Santa Ana, CA
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Meiho Inc is a corporation located at 701 S Harbor Blvd Ste B 701 S Harbor Blvd Ste B in Santa Ana, California that received a Coronavirus-related PPP loan from the SBA of $30,635.00 in February, 2021.
The company has reported itself as an Asian female owned business, and employed at least four people during the applicable loan loan period.
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PPP Loan Information
Loan #6988148407
Loan Size:
Jobs Retained:
4Loan Approved:
2021-02-11Loan Status:
Paid in Full or ForgivenLender:
Bank of America, National AssociationMeiho Inc in Santa Ana, CA received a Paycheck Protection Loan of $30,635 through Bank of America, National Association, which was approved in February, 2021.
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 September, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased 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, Meiho Inc's 2019 payroll expenses are estimated to be at least $147,048.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $36,762 per employee1
Reported PPP Proceed Usage:
On the PPP application, Meiho Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $30,630
- Utilities: $1
Business Information - Meiho Inc in Santa Ana, CA
701 S Harbor Blvd Ste B 701 S Harbor Blvd Ste B
Santa Ana, CA 92704
Business Industry:
Limited-Service Restaurants
NAICS code 722513
Business Owner Demographics
Race: Asian
Ethnicity: Not Hispanic or Latino
Gender: Female Owned
Veteran Status: Non-Veteran
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: Y
HUBZone: N
Rural / Urban: Urban
Similar Companies near Santa Ana
In the Santa Ana area, 88 businesses in the "Limited-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 15 employees (compared to this company's 4) and received an average PPP loan of $83,126 (compared to this company's $30,635).
Similar Nearby Businesses Who Received PPP Funding:
Huskins Coffee Company, LLC
Santa Ana, CA
Waba Sh Corporation
Santa Ana, CA
Takano International Corporation
Santa Ana, CA
Pobo Santa Inc
Santa Ana, CA
Happy Chinese Food Inc
Santa Ana, CA
Jugos Acapulco 2 Inc
Santa Ana, CA
Elhojasenios Corporation
Santa Ana, CA
Tommy Pastrami New York Delicatessen, Inc
Santa Ana, CA
Dsyb Inc
Santa Ana, CA
Industry PPP Comparison Statistics
Nationwide, 136,560 businesses in the "Limited-Service Restaurants" industry received a total of $13.87B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 2% of the total PPP funding allocated.
PPP recipients in this industry report an average of 21 employees, 425% higher than Meiho Inc's reported 4 employees, and received an average PPP loan of $101,544, 231% higher than this company's loan of $30,635.
Meiho Inc
Entity: Corporation
Industry: Pharmaceutical Preparation Manufacturing
Location: Santa Ana, CA
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Meiho Inc is a corporation located at 701 S Harbor Blvd B in Santa Ana, California that received a Coronavirus-related PPP loan from the SBA of $21,882.00 in May, 2020.
The company has reported itself as an Asian female owned business, and employed at least four people during the applicable loan loan period.
$
PPP Loan Information
Loan #6525347710
Loan Size:
Jobs Retained:
4Loan Approved:
2020-05-01Loan Status:
Paid in Full or ForgivenLender:
Bank of America, National AssociationMeiho Inc in Santa Ana, CA received a Paycheck Protection Loan of $21,882 through Bank of America, 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 April, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased 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, Meiho Inc's 2019 payroll expenses are estimated to be at least $105,034.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $26,259 per employee1
Reported PPP Proceed Usage:
On the PPP application, Meiho Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $21,882
Business Information - Meiho Inc in Santa Ana, CA
701 S Harbor Blvd B
Santa Ana, CA 92704
Business Industry:
Pharmaceutical Preparation Manufacturing
NAICS code 325412
Business Owner Demographics
Race: Asian
Ethnicity: Not Hispanic or Latino
Gender: Female Owned
Veteran Status: Non-Veteran
Business Demographics
Business Age: New Business or 2 years or less
LMI Zone: Y
HUBZone: N
Rural / Urban: Urban
Similar Companies near Santa Ana
In the Santa Ana area, 3 businesses in the "Pharmaceutical Preparation Manufacturing" industry received a PPP loan. These local businesses reported an average of 27 employees (compared to this company's 4) and received an average PPP loan of $245,153 (compared to this company's $21,882).
Similar Nearby Businesses Who Received PPP Funding:
Fairview Mtm Pharma I NC
Santa Ana, CA
Mcguff Compounding Pharmacy Services Inc
Santa Ana, CA
Industry PPP Comparison Statistics
Nationwide, 1,918 businesses in the "Pharmaceutical Preparation Manufacturing" industry received a total of $619.85M 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 25 employees, 525% higher than Meiho Inc's reported 4 employees, and received an average PPP loan of $323,173, 1377% higher than this company's loan of $21,882.
FederalPay's PPP Information Policy
Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan.
All information displayed on this page is publicly available information under PPP loan guidelines, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.
Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.
Footnotes & Information
1. Estimations for informational purposes only. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.
2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.
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