PPP Loan Data — Pacific Redwoods RV & Camp LLC, Eureka, CA
Pacific Redwoods RV & Camp LLC is a limited liability company (LLC) located at 205 I St in Eureka, California that received a Coronavirus-related PPP loan from the SBA of $25,202.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least four people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Coast Central CU
Pacific Redwoods RV & Camp LLC in Eureka, CA received a Paycheck Protection Loan of $25,202 through Coast Central CU, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in March, 2021.
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, Pacific Redwoods RV & Camp LLC's 2019 payroll expenses are estimated to be at least $120,970.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $30,243 per employee1
Reported PPP Proceed Usage:
On the PPP application, Pacific Redwoods RV & Camp LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,202
Business Information - Pacific Redwoods RV & Camp LLC in Eureka, CA
205 I St
Eureka, CA 95501
RV (Recreational Vehicle) Parks and Campgrounds
NAICS code 721211
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: New Business or 2 years or less
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Eureka
In the Eureka area, 2 businesses in the "RV (Recreational Vehicle) Parks and Campgrounds" industry received a PPP loan. These local businesses reported an average of 4 employees (compared to this company's 4) and received an average PPP loan of $21,857 (compared to this company's $25,202).
Similar Nearby Businesses Who Received PPP Funding:
S6-Redwood Meadows RV LLC
Industry PPP Comparison Statistics
Nationwide, 3,752 businesses in the "RV (Recreational Vehicle) Parks and Campgrounds" industry received a total of $193.09M 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 9 employees, 125% higher than Pacific Redwoods RV & Camp LLC's reported 4 employees, and received an average PPP loan of $51,462, 104% higher than this company's loan of $25,202.
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Footnotes & Information
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