PPP Loan Data — OAN Enterprise, Redlands, CA
OAN Enterprise is a corporation located at 1783 6th Ave in Redlands, California that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in January, 2021.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Bank of America, National Association
OAN Enterprise in Redlands, CA received a Paycheck Protection Loan of $25,000 through Bank of America, National Association, which was approved in January, 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, OAN Enterprise's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $60,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, OAN Enterprise reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,995
- Utilities: $1
Business Information - OAN Enterprise in Redlands, CA
1783 6th Ave
Redlands, CA 92374
All Other Business Support Services
NAICS code 561499
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Redlands
In the Redlands area, 11 businesses in the "All Other Business Support Services" industry received a PPP loan. These local businesses reported an average of 4 employees (compared to this company's 2) and received an average PPP loan of $32,656 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
Assured Fire Systems Inc
Karah Shaw DBA Karah Shaw
Citrus Wealth Management
E And E Sports Photography Corporation
Redlands Swim Team
Industry PPP Comparison Statistics
Nationwide, 53,190 businesses in the "All Other Business Support Services" industry received a total of $2.63B 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 6 employees, 200% higher than OAN Enterprise's reported 2 employees, and received an average PPP loan of $49,465, 98% higher than this company's loan of $25,000.
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Footnotes & Information
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