PPP Loan Data — Misquez Plumbing Services Inc, Rancho Mirage, CA
Misquez Plumbing Services Inc
Location: Rancho Mirage, CATweet This • Search All PPP Data
Misquez Plumbing Services Inc is a corporation located at 70201 Sunny Ln in Rancho Mirage, California that received a Coronavirus-related PPP loan from the SBA of $25,294.00 in May, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Wells Fargo Bank, National Association
Misquez Plumbing Services Inc in Rancho Mirage, CA received a Paycheck Protection Loan of $25,294 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, Misquez Plumbing Services Inc's 2019 payroll expenses are estimated to be at least $121,411.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $60,706 per employee1
Reported PPP Proceed Usage:
On the PPP application, Misquez Plumbing Services Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,294
Business Information - Misquez Plumbing Services Inc in Rancho Mirage, CA
70201 Sunny Ln
Rancho Mirage, CA 92270
Plumbing, Heating, and Air-Conditioning Contractors
NAICS code 238220
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 105,811 businesses in the "Plumbing, Heating, and Air-Conditioning Contractors" industry received a total of $13.07B 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, 400% higher than Misquez Plumbing Services Inc's reported 2 employees, and received an average PPP loan of $123,520, 388% higher than this company's loan of $25,294.
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Footnotes & Information
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