PPP Loan Data — New Line Air Systems, Inc, Sunland, CA
New Line Air Systems, Inc is a corporation located at 10248 Jardine Ave in Sunland, California that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Bank of America, National Association
New Line Air Systems, Inc in Sunland, CA received a Paycheck Protection Loan of $25,000 through Bank of America, National Association, which was approved in May, 2020.
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 Line Air Systems, Inc's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $60,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, New Line Air Systems, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - New Line Air Systems, Inc in Sunland, CA
10248 Jardine Ave
Sunland, CA 91040
All Other Business Support Services
NAICS code 561499
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Sunland
In the Sunland area, 6 businesses in the "All Other Business Support Services" industry received a PPP loan. These local businesses reported an average of 15 employees (compared to this company's 2) and received an average PPP loan of $155,261 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
Lomeli Enterprises, Inc
Performance Entertainment USA Inc
Industry PPP Comparison Statistics
Nationwide, 53,190 businesses in the "All Other Business Support Services" industry received a total of $2.63B 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, 200% higher than New Line Air Systems, Inc's reported 2 employees, and received an average PPP loan of $49,465, 98% higher than this company's loan of $25,000.
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Footnotes & Information
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