PPP Loan Data — Ocean Cities Pizza, Inc., Ventura, CA
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
Lender:PACIFIC WESTERN BANK
Ocean 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
Limited-Service Restaurants (NAICS code 722513)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: CA-26
Similar 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 Sandwich Company
Kincade Corp DBA Jersey Mike's
H&M Pizza LLC
Central Cities Pizza, Inc.
Stephen's Market And Grill
Home County Pizza, Inc.
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.
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