PPP Loan Data — O' Maley Aviation Services Inc, Sacramento, CA
O' Maley Aviation Services Inc is a corporation located at 7069 Garden Hwy in Sacramento, California that received a Coronavirus-related PPP loan from the SBA of $25,402.00 in May, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Bank of America, National Association
O' Maley Aviation Services Inc in Sacramento, CA received a Paycheck Protection Loan of $25,402 through Bank of America, National Association, which was approved in May, 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 April, 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, O' Maley Aviation Services Inc's 2019 payroll expenses are estimated to be at least $121,930.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $60,965 per employee1
Reported PPP Proceed Usage:
On the PPP application, O' Maley Aviation Services Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,402
Business Information - O' Maley Aviation Services Inc in Sacramento, CA
7069 Garden Hwy
Sacramento, CA 95837
All Other Support Services
NAICS code 561990
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Sacramento
In the Sacramento area, 2 businesses in the "All Other Support Services" industry received a PPP loan. These local businesses reported an average of 5 employees (compared to this company's 2) and received an average PPP loan of $78,551 (compared to this company's $25,402).
Similar Nearby Businesses Who Received PPP Funding:
Express Refrigeration, Inc
Industry PPP Comparison Statistics
Nationwide, 33,705 businesses in the "All Other Support Services" industry received a total of $1.71B 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 7 employees, 250% higher than O' Maley Aviation Services Inc's reported 2 employees, and received an average PPP loan of $50,635, 99% higher than this company's loan of $25,402.
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Footnotes & Information
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