PPP Loan Data — Out & About Communications, San Diego, CA
Out & About Communications is a corporation located at 4241 Jutland Dr in San Diego, California that received a Coronavirus-related PPP loan from the SBA of $46,037.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:MUFG Union Bank, National Association
Out & About Communications in San Diego, CA received a Paycheck Protection Loan of $46,037 through MUFG Union Bank, National Association, which was approved in May, 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, Out & About Communications' 2019 payroll expenses are estimated to be at least $220,978.
Based on their reported 6 jobs retained, this equals an estimated average yearly compensation of $36,830 per employee1
Reported PPP Proceed Usage:
On the PPP application, Out & About Communications reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,037
Business Information - Out & About Communications in San Diego, CA
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
PPP recipients in this industry report an average of 0 employees, 100% lower than Out & About Communications' reported 6 employees, and received an average PPP loan of $0, 100% lower than this company's loan of $46,037.
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Footnotes & Information
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