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PPP Loan Data — Oscar Sanchez, Santa Maria, CA

SBA PPP loan data, payroll data, and salaries for Oscar Sanchez
CA

Oscar Sanchez

Entity: Self-employed Individual

Industry: Strawberry Farming

Location: Santa Maria, CA

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Oscar Sanchez is a self-employed individual located at 2234 Caballero Ln in Santa Maria, California that received a Coronavirus-related PPP loan from the SBA of $225,072.00 in April, 2020.

The company has reported itself as a male owned business, and employed at least 60 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$225,072

Jobs Retained:

60

Loan Approved:

2020-04-28

Lender:

PACIFIC PREMIER BANK

Oscar Sanchez received a Paycheck Protection Loan of $225,072 through PACIFIC PREMIER BANK, which was approved in April, 2020.

2019 Payroll Estimations based On PPP Amount:

Assuming all employees were paid over the $100k eligibility cap, the minimum number of employees this company must have had in 2019 to qualify for the loan range received is 0.

Based on standard PPP eligibility rules, Oscar Sanchez's total 2019 payroll expenses were approximately $1.08M in order to qualify for the PPP loan amount received.

Based on their reported 60 jobs retained, this equals an estimated average yearly compensation of $18,006 per employee1.

Business Information - Oscar Sanchez in Santa Maria, CA

Oscar Sanchez
2234 Caballero Ln
Santa Maria, CA 93455

Business Industry

Strawberry Farming (NAICS code 111333)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: MALE OWNED

Veteran Status: VETERAN

Congressional District: CA-24

Similar Companies near Santa Maria

In the Santa Maria area, 14 businesses in the "Strawberry Farming" industry received a PPP loan. These local businesses reported an average of 122 employees (compared to this company's 60) and received an average PPP loan of $1,243,590 (compared to this company's $225,072).

Industry PPP Comparison Statistics

Nationwide, 218 businesses in the "Strawberry Farming" industry received a total of $76,138,258.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.

PPP recipients in this industry report an average of 53 employees, 12% lower than Oscar Sanchez's reported 60 employees, and received an average PPP loan of $349,258, 55% higher than this company's loan of $225,072.

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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

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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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/oscar-sanchez-santa-maria-ca