PPP Loan Data — New & Again Consignment Furniture Gallery, Lodi, CA
New & Again Consignment Furniture Gallery is a corporation located at 210 S School Street in Lodi, California that received a Coronavirus-related PPP loan from the SBA of $25,352.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Farmers & Merchants Bank of Central California
New & Again Consignment Furniture Gallery in Lodi, CA received a Paycheck Protection Loan of $25,352 through Farmers & Merchants Bank of Central California, which was approved in April, 2020.
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 March, 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, New & Again Consignment Furniture Gallery's 2019 payroll expenses are estimated to be at least $121,690.
Based on their reported 10 jobs retained, this equals an estimated average yearly compensation of $12,169 per employee1
Reported PPP Proceed Usage:
On the PPP application, New & Again Consignment Furniture Gallery reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,352
Business Information - New & Again Consignment Furniture Gallery in Lodi, CA
210 S School Street
Lodi, CA 95240
Used Merchandise Stores
NAICS code 453310
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Lodi
In the Lodi area, 4 businesses in the "Used Merchandise Stores" industry received a PPP loan. These local businesses reported an average of 7 employees (compared to this company's 10) and received an average PPP loan of $21,347 (compared to this company's $25,352).
Similar Nearby Businesses Who Received PPP Funding:
New & Again Consignment Furniture Gallery Inc
Amanda M. Heuer
Industry PPP Comparison Statistics
Nationwide, 12,348 businesses in the "Used Merchandise Stores" industry received a total of $577.39M 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 8 employees, 20% lower than New & Again Consignment Furniture Gallery's reported 10 employees, and received an average PPP loan of $46,760, 84% higher than this company's loan of $25,352.
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Footnotes & Information
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