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PPP Loan Data — Moonstone Peo Inc,
Anaheim, CA
Moonstone Peo Inc
Entity: Corporation
Industry: Payroll Services
Location: Anaheim, CA
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Moonstone Peo Inc is a corporation located at 760 N Euclid St Ste 212 in Anaheim, California that received a Coronavirus-related PPP loan from the SBA of $1,950,000.00 in March, 2021.
The company has reported itself as a White female owned business, and employed at least 270 people during the applicable loan loan period.
$
PPP Loan Information
Loan #9592698503
Loan Size:
Jobs Retained:
270Loan Approved:
2021-03-12Loan Status:
Ongoing LoanLender:
Bank of America, National AssociationMoonstone Peo Inc in Anaheim, CA received a Paycheck Protection Loan of $1.95M through Bank of America, National Association, which was approved in March, 2021.
This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased 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, Moonstone Peo Inc's 2019 payroll expenses are estimated to be at least $9.36M.
Based on their reported 270 jobs retained, this equals an estimated average yearly compensation of $34,667 per employee1
Reported PPP Proceed Usage:
On the PPP application, Moonstone Peo Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,949,995
- Utilities: $1
Business Information - Moonstone Peo Inc in Anaheim, CA
760 N Euclid St Ste 212
Anaheim, CA 92801
Business Industry:
Payroll Services
NAICS code 541214
Business Owner Demographics
Race: White
Ethnicity: Hispanic or Latino
Gender: Female Owned
Veteran Status: Non-Veteran
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: Y
HUBZone: Y
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 3,832 businesses in the "Payroll Services" industry received a total of $569.87M 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 16 employees, 94% lower than Moonstone Peo Inc's reported 270 employees, and received an average PPP loan of $148,715, 92% lower than this company's loan of $1.95M.
Moonstone Peo, Inc
Entity: Corporation
Industry: Unclassified Establishments
Location: Anaheim, CA
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Moonstone Peo, Inc is a corporation located at 760 N Euclid St Ste 212 in Anaheim, California that received a Coronavirus-related PPP loan from the SBA of $3,867,456.00 in May, 2020.
The company has reported itself as a White owned business, and employed at least 465 people during the applicable loan loan period.
$
PPP Loan Information
Loan #6994767710
Loan Size:
Jobs Retained:
465Loan Approved:
2020-05-01Loan Status:
Ongoing LoanLender:
Bank of America, National AssociationMoonstone Peo, Inc in Anaheim, CA received a Paycheck Protection Loan of $3.87M through Bank of America, National Association, which was approved in May, 2020.
This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased 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, Moonstone Peo, Inc's 2019 payroll expenses are estimated to be at least $18.56M.
Based on their reported 465 jobs retained, this equals an estimated average yearly compensation of $39,922 per employee1
Reported PPP Proceed Usage:
On the PPP application, Moonstone Peo, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $3,867,456
Business Information - Moonstone Peo, Inc in Anaheim, CA
760 N Euclid St Ste 212
Anaheim, CA 92801
Business Industry:
Unclassified Establishments
NAICS code 999990
Business Owner Demographics
Race: White
Ethnicity: Hispanic or Latino
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age: New Business or 2 years or less
LMI Zone: Y
HUBZone: Y
Rural / Urban: Urban
Similar Companies near Anaheim
In the Anaheim area, 35 businesses in the "Unclassified Establishments" industry received a PPP loan. These local businesses reported an average of 25 employees (compared to this company's 465) and received an average PPP loan of $155,352 (compared to this company's $3.87M).
Similar Nearby Businesses Who Received PPP Funding:
E.m. High Tech
Anaheim, CA
V-RC Co., LLC
Anaheim, CA
Ritz, That's It, Inc
Anaheim, CA
9 Win Thai, LLC
Anaheim, CA
En&M Group Inc
Anaheim, CA
KAM & Kart, Inc
Anaheim, CA
Cccri, Inc
Ana Heim, CA
Maynard Online Services
Anaheim, CA
Cshr LLC
Anaheim, CA
Industry PPP Comparison Statistics
Nationwide, 85,535 businesses in the "Unclassified Establishments" industry received a total of $3.66B 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, 98% lower than Moonstone Peo, Inc's reported 465 employees, and received an average PPP loan of $42,802, 99% lower than this company's loan of $3.87M.
FederalPay's PPP Information Policy
Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan.
All information displayed on this page is publicly available information under PPP loan guidelines, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.
Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.
Footnotes & Information
1. Estimations for informational purposes only. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.
2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.
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