PPP Loan Data — North Valley Pizza LLC, Paradise, CA
North Valley Pizza LLC is a limited liability company (LLC) located at 5835 Clark Rd in Paradise, California that received a Coronavirus-related PPP loan from the SBA of $46,950.00 in June, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:U.S. Bank, National Association
North Valley Pizza LLC in Paradise, CA received a Paycheck Protection Loan of $46,950 through U.S. Bank, National Association, which was approved in June, 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, North Valley Pizza LLC's 2019 payroll expenses are estimated to be at least $225,360.
Based on their reported 13 jobs retained, this equals an estimated average yearly compensation of $17,335 per employee1
Reported PPP Proceed Usage:
On the PPP application, North Valley Pizza LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,950
Business Information - North Valley Pizza LLC in Paradise, CA
5835 Clark Rd
Paradise, CA 95969
NAICS code 722513
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 137,629 businesses in the "Limited-Service Restaurants" industry received a total of $13.9B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 2% of the total PPP funding allocated.
PPP recipients in this industry report an average of 21 employees, 62% higher than North Valley Pizza LLC's reported 13 employees, and received an average PPP loan of $100,980, 115% higher than this company's loan of $46,950.
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Footnotes & Information
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