PPP Loan Data — Millennium Environmental, Anaheim, CA
Millennium Environmental is a corporation located at 2936 E Coronado St in Anaheim, California that received a Coronavirus-related PPP loan from the SBA of $24,947.00 in July, 2020.
The company has reported itself as a male owned business, and employed at least three people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Wells Fargo Bank, National Association
Millennium Environmental in Anaheim, CA received a Paycheck Protection Loan of $24,947 through Wells Fargo Bank, National Association, which was approved in July, 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
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, Millennium Environmental's 2019 payroll expenses are estimated to be at least $119,746.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $39,915 per employee1
Reported PPP Proceed Usage:
On the PPP application, Millennium Environmental reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,947
Business Information - Millennium Environmental in Anaheim, CA
2936 E Coronado St
Anaheim, CA 92806
All Other Specialty Trade Contractors
NAICS code 238990
Business Owner Demographics
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Anaheim
In the Anaheim area, 72 businesses in the "All Other Specialty Trade Contractors" industry received a PPP loan. These local businesses reported an average of 22 employees (compared to this company's 3) and received an average PPP loan of $256,714 (compared to this company's $24,947).
Similar Nearby Businesses Who Received PPP Funding:
3 S Sign Services, Inc
General Contracting Group
Pacific Pavers And Masonry Inc
A-1 Fence Company
HB Custom Make Cabinet
Boberg Engineering & Contracting, Inc
Stoneage Restoration Services Inc
Rimshot Demolition Inc
Industry PPP Comparison Statistics
Nationwide, 93,400 businesses in the "All Other Specialty Trade Contractors" industry received a total of $8.04B 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 8 employees, 167% higher than Millennium Environmental's reported 3 employees, and received an average PPP loan of $86,076, 245% higher than this company's loan of $24,947.
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Footnotes & Information
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