PPP Loan Data — Mother Lode Broadcasting Inc, Jackson, CA
Mother Lode Broadcasting Inc is a sole proprietorship located at 128 Main St in Jackson, California that received a Coronavirus-related PPP loan from the SBA of $25,059.00 in January, 2021.
The company has reported itself as a White male owned business, and employed at least eight people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Mother Lode Broadcasting Inc in Jackson, CA received a Paycheck Protection Loan of $25,059 through Umpqua Bank, which was approved in January, 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, Mother Lode Broadcasting Inc's 2019 payroll expenses are estimated to be at least $120,283.
Based on their reported 8 jobs retained, this equals an estimated average yearly compensation of $15,035 per employee1
Reported PPP Proceed Usage:
On the PPP application, Mother Lode Broadcasting Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,058
Business Information - Mother Lode Broadcasting Inc in Jackson, CA
128 Main St
Jackson, CA 95642
NAICS code 515112
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Industry PPP Comparison Statistics
Nationwide, 3,733 businesses in the "Radio Stations" industry received a total of $451.76M 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 14 employees, 75% higher than Mother Lode Broadcasting Inc's reported 8 employees, and received an average PPP loan of $121,017, 383% higher than this company's loan of $25,059.
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Footnotes & Information
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