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PPP Loan Data — Ocean Cities Pizza, Inc.,
Ventura, CA
Ocean Cities Pizza, Inc.
Entity: Corporation
Industry: Limited-Service Restaurants
Location: Ventura, CA
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Ocean Cities Pizza, Inc. is a corporation located at 1811 Knoll Dr in Ventura, California that received a Coronavirus-related PPP loan from the SBA of $2,461,903.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
499Loan Approved:
2020-04-27Lender:
PACIFIC WESTERN BANKOcean Cities Pizza, Inc. in Ventura, CA received a Paycheck Protection Loan of $2.46M through PACIFIC WESTERN BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Ocean Cities Pizza, Inc.'s total 2019 payroll expenses were approximately $11.82M in order to qualify for the PPP loan amount received.
Based on their reported 499 jobs retained, this equals an estimated average yearly compensation of $23,682 per employee1.
Business Information - Ocean Cities Pizza, Inc. in Ventura, CA
1811 Knoll Dr
Ventura, CA 93003
Business Industry
Limited-Service Restaurants (NAICS code 722513)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: CA-26Similar Companies near Ventura
In the Ventura area, 23 businesses in the "Limited-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 77 employees (compared to this company's 499) and received an average PPP loan of $343,107 (compared to this company's $2.46M).
Similar Nearby Businesses Who Received PPP Funding:
HS&S Restaurants Inc.
Ventura, CA
Ventura Sandwich Company
Ventura, CA
Thipsaeng Corp.
Ventura, CA
Kincade Corp DBA Jersey Mike's
Ventura, CA
H&M Pizza LLC
Ventura, CA
Central Cities Pizza, Inc.
Ventura, CA
Bagelicious Cafe
Ventura, CA
Stephen's Market And Grill
Ventura, CA
Home County Pizza, Inc.
Ventura, CA
Industry PPP Comparison Statistics
Nationwide, 79,996 businesses in the "Limited-Service Restaurants" industry received a total of $9,671,819,152.00 in PPP loans. These businesses account for 2% of total PPP applications submitted, and received 2% of the total PPP funding allocated.
PPP recipients in this industry report an average of 23 employees, 95% lower than Ocean Cities Pizza, Inc.'s reported 499 employees, and received an average PPP loan of $120,904, 95% lower than this company's loan of $2.46M.
FederalPay's PPP Information Policy
Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan. All information displayed on this page is publicly available information under PPP loan guidelines, and is published unmodified, as provided by the SBA.
Footnotes & Information
1. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.
2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.
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