PPP Loan Data — Michael Hogan DBA None, Santa Clarita, CA
Michael Hogan DBA None is a sole proprietorship located at 27225 Camp Plenty Rd in Santa Clarita, California that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Pacific Western Bank
Michael Hogan DBA None in Santa Clarita, CA received a Paycheck Protection Loan of $25,000 through Pacific Western Bank, 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, Michael Hogan DBA None's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $30,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, Michael Hogan DBA None reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - Michael Hogan DBA None in Santa Clarita, CA
27225 Camp Plenty Rd
Santa Clarita, CA 91351
Other Services Related to Advertising
NAICS code 541890
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Santa Clarita
In the Santa Clarita area, 3 businesses in the "Other Services Related to Advertising" industry received a PPP loan. These local businesses reported an average of 5 employees (compared to this company's 4) and received an average PPP loan of $110,767 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
Michael D. Inc
Santa Clarita, CA
West Efx Inc
Los Angeles, CA
Industry PPP Comparison Statistics
Nationwide, 12,550 businesses in the "Other Services Related to Advertising" industry received a total of $692.9M 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 5 employees, 25% higher than Michael Hogan DBA None's reported 4 employees, and received an average PPP loan of $55,211, 121% higher than this company's loan of $25,000.
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Footnotes & Information
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