PPP Loan Data — Nuno Enterprises Inc, Rosemead, CA
Nuno Enterprises Inc
Entity: Subchapter S Corporation
Location: Rosemead, CATweet This • Search All PPP Data
Nuno Enterprises Inc is a subchapter s corporation located at 638 N. Hazel Ave in Rosemead, California that received a Coronavirus-related PPP loan from the SBA of $24,995.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Bank of the West
Nuno Enterprises Inc in Rosemead, CA received a Paycheck Protection Loan of $24,995 through Bank of the West, which was approved in April, 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, Nuno Enterprises Inc's 2019 payroll expenses are estimated to be at least $119,976.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $29,994 per employee1
Reported PPP Proceed Usage:
On the PPP application, Nuno Enterprises Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,995
Business Information - Nuno Enterprises Inc in Rosemead, CA
638 N. Hazel Ave
Rosemead, CA 91770
Electrical Contractors and Other Wiring Installation Contractors
NAICS code 238210
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Rosemead
In the Rosemead area, 10 businesses in the "Electrical Contractors and Other Wiring Installation Contractors" industry received a PPP loan. These local businesses reported an average of 12 employees (compared to this company's 4) and received an average PPP loan of $179,972 (compared to this company's $24,995).
Similar Nearby Businesses Who Received PPP Funding:
L.c. Electrical And Lighting Corp
WAI Kei Lam
Irish Communication Company
TDT Contractor Inc
Industry PPP Comparison Statistics
Nationwide, 82,626 businesses in the "Electrical Contractors and Other Wiring Installation Contractors" industry received a total of $11.77B 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 11 employees, 175% higher than Nuno Enterprises Inc's reported 4 employees, and received an average PPP loan of $142,494, 470% higher than this company's loan of $24,995.
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