PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — NBA Investments Inc, Desert Hot Springs, CA

ALERT: There are 2 PPP loans for a total of $93,227 in our database for businesses with the name "NBA Investments Inc" in Desert Hot Springs, CA. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for NBA Investments Inc

FRANCHISE

CA

NBA Investments Inc

Entity: Corporation

Industry: Gasoline Stations with Convenience Stores

Franchise: AM/PM Mini-Mart Agreement - ARCO Fuel - Contract Dealer Gasoline Agreement (Tesoro)

Location: Desert Hot Springs, CA

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NBA Investments Inc is a corporation located at 22755 Palm Dr in Desert Hot Springs, California that received a Coronavirus-related PPP loan from the SBA of $47,065.00 in January, 2021. This business is a AM/PM Mini-Mart Agreement - ARCO Fuel - Contract Dealer Gasoline Agreement (Tesoro) franchise.

$ PPP Loan Information
Loan #3445498309

Loan Size:

$47,065

Jobs Retained:

9

Loan Approved:

2021-01-22

Loan Status:

Ongoing Loan

Lender:

Bank of America, National Association

NBA Investments Inc in Desert Hot Springs, CA received a Paycheck Protection Loan of $47,065 through Bank of America, National Association, which was approved in January, 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 More
Understanding 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 More

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, NBA Investments Inc's 2019 payroll expenses are estimated to be at least $225,912.

Based on their reported 9 jobs retained, this equals an estimated average yearly compensation of $25,101 per employee1

Reported PPP Proceed Usage:

On the PPP application, NBA Investments Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $47,064
  • Utilities: $1

Business Information - NBA Investments Inc in Desert Hot Springs, CA

NBA Investments Inc
22755 Palm Dr
Desert Hot Springs, CA 92240

Business Industry:
Gasoline Stations with Convenience Stores
NAICS code 447110

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: Y

HUBZone: N

Rural / Urban: Urban

Riverside County, CA — SBA Office 0920 — Congressional District: CA-36

Similar Companies near Desert Hot Springs

In the Desert Hot Springs area, 5 businesses in the "Gasoline Stations with Convenience Stores" industry received a PPP loan. These local businesses reported an average of 11 employees (compared to this company's 9) and received an average PPP loan of $58,193 (compared to this company's $47,065).

Industry PPP Comparison Statistics

Nationwide, 45,026 businesses in the "Gasoline Stations with Convenience Stores" industry received a total of $2.06B 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, 11% higher than NBA Investments Inc's reported 9 employees, and received an average PPP loan of $45,821, 3% lower than this company's loan of $47,065.

SBA PPP loan data, payroll data, and salaries for NBA Investments Inc
CA

NBA Investments Inc

Entity: Corporation

Industry: Miscellaneous Intermediation

Location: Desert Hot Springs, CA

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NBA Investments Inc is a corporation located at 22755 Palm Dr in Desert Hot Springs, California that received a Coronavirus-related PPP loan from the SBA of $46,162.00 in May, 2020.

$ PPP Loan Information
Loan #5767557701

Loan Size:

$46,162

Jobs Retained:

6

Loan Approved:

2020-05-01

Loan Status:

Ongoing Loan

Lender:

Bank of America, National Association

NBA Investments Inc in Desert Hot Springs, CA received a Paycheck Protection Loan of $46,162 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 More
Understanding 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 More

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, NBA Investments Inc's 2019 payroll expenses are estimated to be at least $221,578.

Based on their reported 6 jobs retained, this equals an estimated average yearly compensation of $36,930 per employee1

Reported PPP Proceed Usage:

On the PPP application, NBA Investments Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $46,162

Business Information - NBA Investments Inc in Desert Hot Springs, CA

NBA Investments Inc
22755 Palm Dr
Desert Hot Springs, CA 92240

Business Industry:
Miscellaneous Intermediation
NAICS code 523910

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: New Business or 2 years or less

LMI Zone: Y

HUBZone: N

Rural / Urban: Urban

Riverside County, CA — SBA Office 0920 — Congressional District: CA-36

Industry PPP Comparison Statistics

Nationwide, 8,414 businesses in the "Miscellaneous Intermediation" industry received a total of $504.92M 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 9 employees, 50% higher than NBA Investments Inc's reported 6 employees, and received an average PPP loan of $60,010, 30% higher than this company's loan of $46,162.

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.

Search FederalPay's Full PPP Loan Database

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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/nba-investments-inc-desert-hot-springs-ca