PPP Loan Data — Oak Valley Restaurants, Inc, Oakdale, CA
Oak Valley Restaurants, Inc is a corporation located at 920 East F St in Oakdale, California that received a Coronavirus-related PPP loan from the SBA of $25,090.00 in April, 2020. This business is a Wienerschnitzel franchise.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Bank of the West
Oak Valley Restaurants, Inc in Oakdale, CA received a Paycheck Protection Loan of $25,090 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, Oak Valley Restaurants, Inc's 2019 payroll expenses are estimated to be at least $120,432.
Based on their reported 7 jobs retained, this equals an estimated average yearly compensation of $17,205 per employee1
Reported PPP Proceed Usage:
On the PPP application, Oak Valley Restaurants, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,090
Business Information - Oak Valley Restaurants, Inc in Oakdale, CA
920 East F St
Oakdale, CA 95361
NAICS code 722513
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Oakdale
In the Oakdale area, 14 businesses in the "Limited-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 9 employees (compared to this company's 7) and received an average PPP loan of $44,413 (compared to this company's $25,090).
Similar Nearby Businesses Who Received PPP Funding:
PRA Enterprise Inc
Paul & Prabh Inc
Ceres Hb Inc
Westside Bullets Softball Club
Knights Ferry Creamery And Sweets
Oakdale Fit Nutrition
BM Guruji Inc
Umai Bar & Grill Corporation
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, 200% higher than Oak Valley Restaurants, Inc's reported 7 employees, and received an average PPP loan of $100,980, 302% higher than this company's loan of $25,090.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!