PPP Loan Data — Niknea LLC, Rcho Santa Fe, CA
Niknea LLC is a limited liability company (LLC) located at 16201 Avenida in Rcho Santa Fe, California that received a Coronavirus-related PPP loan from the SBA of $45,819.00 in July, 2020.
The company has reported itself as a White male owned business, and employed at least three people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:U.S. Bank, National Association
Niknea LLC in Rcho Santa Fe, CA received a Paycheck Protection Loan of $45,819 through U.S. Bank, National Association, which was approved in July, 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, Niknea LLC's 2019 payroll expenses are estimated to be at least $219,931.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $73,310 per employee1
Reported PPP Proceed Usage:
On the PPP application, Niknea LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $45,819
Business Information - Niknea LLC in Rcho Santa Fe, CA
Rcho Santa Fe, CA 92067
Other Direct Selling Establishments
NAICS code 454390
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 38,556 businesses in the "Other Direct Selling Establishments" industry received a total of $1.23B 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 3 employees, the same amount reported by Niknea LLC and received an average PPP loan of $32,022, 30% lower than this company's loan of $45,819.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!