PPP Loan Data — MKR Investor Relations, Inc, Encino, CA
MKR Investor Relations, Inc is a corporation located at 16055 Ventura Blvd., Suite 924 in Encino, California that received a Coronavirus-related PPP loan from the SBA of $25,202.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Bank of the West
MKR Investor Relations, Inc in Encino, CA received a Paycheck Protection Loan of $25,202 through Bank of the West, which was approved in May, 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, MKR Investor Relations, Inc's 2019 payroll expenses are estimated to be at least $120,970.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $60,485 per employee1
Reported PPP Proceed Usage:
On the PPP application, MKR Investor Relations, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,202
Business Information - MKR Investor Relations, Inc in Encino, CA
16055 Ventura Blvd., Suite 924
Encino, CA 91436
NAICS code 999990
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Encino
In the Encino area, 55 businesses in the "Unclassified Establishments" industry received a PPP loan. These local businesses reported an average of 5 employees (compared to this company's 2) and received an average PPP loan of $34,686 (compared to this company's $25,202).
Similar Nearby Businesses Who Received PPP Funding:
Poppy On Tour, LLC
Angel City Studios
Dope. Amazing. Inc
PR 365 Corp
Hoston & Associates, 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, 400% higher than MKR Investor Relations, Inc's reported 2 employees, and received an average PPP loan of $42,878, 70% higher than this company's loan of $25,202.
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Footnotes & Information
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