PPP Loan Data — Merriweather Enterprise Inc, La Puente, CA
Merriweather Enterprise Inc is a corporation located at 16418 Valley Blvd in La Puente, California that received a Coronavirus-related PPP loan from the SBA of $46,200.00 in May, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Zions Bank, A Division of
Merriweather Enterprise Inc in La Puente, CA received a Paycheck Protection Loan of $46,200 through Zions Bank, A Division of, 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 December, 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, Merriweather Enterprise Inc's 2019 payroll expenses are estimated to be at least $221,760.
Based on their reported 8 jobs retained, this equals an estimated average yearly compensation of $27,720 per employee1
Reported PPP Proceed Usage:
On the PPP application, Merriweather Enterprise Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,200
Business Information - Merriweather Enterprise Inc in La Puente, CA
16418 Valley Blvd
La Puente, CA 92883
NAICS code 999990
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near La Puente
In the La Puente area, 42 businesses in the "Unclassified Establishments" industry received a PPP loan. These local businesses reported an average of 8 employees (compared to this company's 8) and received an average PPP loan of $27,553 (compared to this company's $46,200).
Similar Nearby Businesses Who Received PPP Funding:
Corona Rcfe, LLC
Azure 2018 LLC
Top Choice Athletes, Inc
Daniel Mccue LLC
Laguna Niguel, CA
TDM Life, Inc
DIE Sieben Steine, Inc
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, 25% higher than Merriweather Enterprise Inc's reported 8 employees, and received an average PPP loan of $42,878, 7% lower than this company's loan of $46,200.
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Footnotes & Information
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