PPP Loan Data — Palmdale Vineyard, Palmdale, CA
Palmdale Vineyard is a non-profit organization located at 509 Palmdale Blvd E in Palmdale, California that received a Coronavirus-related PPP loan from the SBA of $24,995.00 in May, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:U.S. Bank, National Association
Palmdale Vineyard in Palmdale, CA received a Paycheck Protection Loan of $24,995 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 January, 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, Palmdale Vineyard's 2019 payroll expenses are estimated to be at least $119,976.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $23,995 per employee1
Reported PPP Proceed Usage:
On the PPP application, Palmdale Vineyard reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,995
Business Information - Palmdale Vineyard in Palmdale, CA
509 Palmdale Blvd E
Palmdale, CA 93550
NAICS code 813110
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Palmdale
In the Palmdale area, 18 businesses in the "Religious Organizations" industry received a PPP loan. These local businesses reported an average of 9 employees (compared to this company's 5) and received an average PPP loan of $45,850 (compared to this company's $24,995).
Similar Nearby Businesses Who Received PPP Funding:
Word Of Life Outreach Ministries Inc
Palmdale First United Methodist Chruch
Antelope Valley Foursquare Church
St Mary Catholic Church
ST. Stephens Of The Valley Lutheran Church
Hindu Temple Of Antelope Valley
Westside Christian Fellowship A V
Industry PPP Comparison Statistics
Nationwide, 123,083 businesses in the "Religious Organizations" industry received a total of $9.27B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 12 employees, 140% higher than Palmdale Vineyard's reported 5 employees, and received an average PPP loan of $75,298, 201% higher than this company's loan of $24,995.
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Footnotes & Information
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