PPP Loan Data — Mountain-Edison Inc, Valley Center, CA
Mountain-Edison Inc is a corporation located at 27392 Tumbleweed Trail in Valley Center, California that received a Coronavirus-related PPP loan from the SBA of $25,305.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Mountain-Edison Inc in Valley Center, CA received a Paycheck Protection Loan of $25,305 through Customers Bank, 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
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, Mountain-Edison Inc's 2019 payroll expenses are estimated to be at least $121,464.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $30,366 per employee1
Reported PPP Proceed Usage:
On the PPP application, Mountain-Edison Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,305
Business Information - Mountain-Edison Inc in Valley Center, CA
27392 Tumbleweed Trail
Valley Center, CA 92082
All Other Home Furnishings Stores
NAICS code 442299
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, 7,398 businesses in the "All Other Home Furnishings Stores" industry received a total of $405.58M 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 7 employees, 75% higher than Mountain-Edison Inc's reported 4 employees, and received an average PPP loan of $54,822, 117% higher than this company's loan of $25,305.
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Footnotes & Information
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