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PPP Loan Data — Narendra Singh, San Francisco, CA

SBA PPP loan data, payroll data, and salaries for Narendra Singh
CA

Narendra Singh

Entity: Sole Proprietorship

Industry: Convenience Stores

Location: San Francisco, CA

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Narendra Singh is a sole proprietorship located in San Francisco, California that received a Coronavirus-related PPP loan from the SBA of $5,330.00 in February, 2021.

The company has reported itself as an Asian male owned business, and employed at least one person during the applicable loan loan period.

$ PPP Loan Information
Loan #7662698402

Loan Size:

$5,330

Jobs Retained:

1

Loan Approved:

2021-02-12

Loan Status:

Paid in Full or Forgiven

Lender:

U.S. Bank, National Association

Narendra Singh in San Francisco, CA received a Paycheck Protection Loan of $5,330 through U.S. Bank, National Association, which was approved in February, 2021.

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 August, 2021.


PPP Calculation Note: The total PPP loan an eligible business or individual can receive is based on 2.5 times their average monthly 2019 payroll expenses, capped at $100,000 annually per employee.

Reported PPP Proceed Usage:

On the PPP application, Narendra Singh reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $5,327
  • Utilities: $1

Business Information - Narendra Singh in San Francisco, CA

Narendra Singh
San Francisco, CA
* Full address is redacted to protect the privacy of individuals.

Business Industry:
Convenience Stores
NAICS code 445120

Business Owner Demographics

Race: Asian

Ethnicity: Not Hispanic or Latino

Gender: Male Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: Y

HUBZone: Y

Rural / Urban: Urban

San Francisco County, CA — SBA Office 0912 — Congressional District: CA-12

Similar Companies near San Francisco

In the San Francisco area, 13 businesses in the "Convenience Stores" industry received a PPP loan. These local businesses reported an average of 4 employees (compared to this company's 1) and received an average PPP loan of $20,129 (compared to this company's $5,330).

Industry PPP Comparison Statistics

Nationwide, 29,891 businesses in the "Convenience Stores" industry received a total of $850.63M 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 6 employees, 500% higher than Narendra Singh's reported 1 employees, and received an average PPP loan of $28,458, 434% higher than this company's loan of $5,330.

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.

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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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Source: www.federalpay.org/paycheck-protection-program/narendra-singh-san-francisco-ca