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PPP Loan Data — Paesanos II Inc,
Elk Grove, CA
Paesanos II Inc
Entity: Corporation
Industry: Full-Service Restaurants
Location: Elk Grove, CA
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Paesanos II Inc is a corporation located at 8519 Bond Rd Ste 101 in Elk Grove, California that received a Coronavirus-related PPP loan from the SBA of $253,602.00 in February, 2021.
The company has reported itself as a male owned business, and employed at least 41 people during the applicable loan loan period.
$
PPP Loan Information
Loan #1070168406
Loan Size:
Jobs Retained:
41Loan Approved:
2021-02-01Loan Status:
Ongoing LoanLender:
U.S. Bank, National AssociationPaesanos II Inc in Elk Grove, CA received a Paycheck Protection Loan of $253,602 through U.S. Bank, National Association, which was approved in February, 2021.
This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased 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, Paesanos II Inc's 2019 payroll expenses are estimated to be at least $1.22M.
Based on their reported 41 jobs retained, this equals an estimated average yearly compensation of $29,690 per employee1
Reported PPP Proceed Usage:
On the PPP application, Paesanos II Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $253,601
Business Information - Paesanos II Inc in Elk Grove, CA
8519 Bond Rd Ste 101
Elk Grove, CA 95624
Business Industry:
Full-Service Restaurants
NAICS code 722511
Business Owner Demographics
Race: Unreported
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Similar Companies near Elk Grove
In the Elk Grove area, 58 businesses in the "Full-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 25 employees (compared to this company's 41) and received an average PPP loan of $95,332 (compared to this company's $253,602).
Similar Nearby Businesses Who Received PPP Funding:
Happy Garden Restaurant Eg
Elk Grove, CA
P2C Venture Group
Elk Grove, CA
Umar Ghumman
Elk Grove, CA
BOK Restaurants Inc
Elk Grove, CA
WA Japanese Kitchen
Elk Grove, CA
Chae Pak
Elk Grove, CA
Elk Grove Sports Grille And Bar Inc
Elk Grove, CA
Brett Bohlmann
Elk Grove, CA
Sea Hut Elk Grove Inc
Elk Grove, CA
Industry PPP Comparison Statistics
Nationwide, 326,480 businesses in the "Full-Service Restaurants" industry received a total of $42.51B in PPP loans. These businesses account for 3% of total PPP applications submitted, and received 5% of the total PPP funding allocated.
PPP recipients in this industry report an average of 22 employees, 46% lower than Paesanos II Inc's reported 41 employees, and received an average PPP loan of $130,209, 49% lower than this company's loan of $253,602.
Paesanos II Inc
Entity: Corporation
Industry: Unclassified Establishments
Location: Elk Grove, CA
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Paesanos II Inc is a corporation located at 8519 Bond Rd in Elk Grove, California that received a Coronavirus-related PPP loan from the SBA of $236,944.00 in May, 2020.
The company has reported itself as a male owned business, and employed at least 47 people during the applicable loan loan period.
$
PPP Loan Information
Loan #7504057701
Loan Size:
Jobs Retained:
47Loan Approved:
2020-05-01Loan Status:
Paid in Full or ForgivenLender:
U.S. Bank, National AssociationPaesanos II Inc in Elk Grove, CA received a Paycheck Protection Loan of $236,944 through U.S. Bank, National Association, which was approved in May, 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 May, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased 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, Paesanos II Inc's 2019 payroll expenses are estimated to be at least $1.14M.
Based on their reported 47 jobs retained, this equals an estimated average yearly compensation of $24,199 per employee1
Reported PPP Proceed Usage:
On the PPP application, Paesanos II Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $236,944
Business Information - Paesanos II Inc in Elk Grove, CA
8519 Bond Rd
Elk Grove, CA 95624
Business Industry:
Unclassified Establishments
NAICS code 999990
Business Owner Demographics
Race: Unreported
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Businesses Using Same Address:
There are 2 other businesses that received a PPP loan registered to the same address as Paesanos II Inc.
ANH L Le
Nail Salons
Mikmar, Inc
Farm Supplies Merchant Wholesalers
Similar Companies near Elk Grove
In the Elk Grove area, 24 businesses in the "Unclassified Establishments" industry received a PPP loan. These local businesses reported an average of 19 employees (compared to this company's 47) and received an average PPP loan of $69,731 (compared to this company's $236,944).
Similar Nearby Businesses Who Received PPP Funding:
Annabelle Lee Inc
El Dorado, CA
Todd-LLC
Elk Grove, CA
SOR Norcal LLC
Elk Grove, CA
Perfect Tempo LLC
Elk Grove, CA
Gurology
Elk Grove, CA
Moomoo LLC
Elk Grove, CA
Aging Assistant, LLC
Elk Grove, CA
Zidain, Inc
Elk Grove, CA
Industry PPP Comparison Statistics
Nationwide, 85,578 businesses in the "Unclassified Establishments" industry received a total of $3.67B 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 10 employees, 79% lower than Paesanos II Inc's reported 47 employees, and received an average PPP loan of $42,861, 82% lower than this company's loan of $236,944.
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.
Footnotes & Information
1. Estimations for informational purposes only. 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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