PPP Loan Data — Olukai LLC, Irvine, CA
Olukai LLC is a limited liability company (LLC) located at 10 Faraday in Irvine, California that received a Coronavirus-related PPP loan from the SBA of $2,513,094.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Bank of the West
Olukai LLC in Irvine, CA received a Paycheck Protection Loan of $2.51M 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, Olukai LLC's 2019 payroll expenses are estimated to be at least $12.06M.
Based on their reported 137 jobs retained, this equals an estimated average yearly compensation of $88,050 per employee1
Reported PPP Proceed Usage:
On the PPP application, Olukai LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,513,094
Business Information - Olukai LLC in Irvine, CA
Irvine, CA 92618
NAICS code 316210
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 649 businesses in the "Footwear Manufacturing" industry received a total of $96.42M 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 15 employees, 89% lower than Olukai LLC's reported 137 employees, and received an average PPP loan of $148,563, 94% lower than this company's loan of $2.51M.
FederalPay's PPP Information Policy
Footnotes & Information
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