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PPP Loan Data — Pannu Interprises, Inc, Gridley, CA

SBA PPP loan data, payroll data, and salaries for Pannu Interprises, Inc

FRANCHISE

CA

Pannu Interprises, Inc

Entity: Subchapter S Corporation

Industry: All Other Business Support Services

Franchise: Little Caesars

Location: Gridley, CA

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Pannu Interprises, Inc is a subchapter s corporation located at 1536 State Highway 99 in Gridley, California that received a Coronavirus-related PPP loan from the SBA of $25,100.00 in May, 2020. This business is a Little Caesars franchise.

$ PPP Loan Information
Loan #1584907404

Loan Size:

$25,100

Jobs Retained:

22

Loan Approved:

2020-05-04

Loan Status:

Paid in Full or Forgiven

Lender:

Tri Counties Bank

Pannu Interprises, Inc in Gridley, CA received a Paycheck Protection Loan of $25,100 through Tri Counties Bank, 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 April, 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 More
Understanding 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 More

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, Pannu Interprises, Inc's 2019 payroll expenses are estimated to be at least $120,480.

Based on their reported 22 jobs retained, this equals an estimated average yearly compensation of $5,476 per employee1

Reported PPP Proceed Usage:

On the PPP application, Pannu Interprises, Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $25,100

Business Information - Pannu Interprises, Inc in Gridley, CA

Pannu Interprises, Inc
1536 State Highway 99
Gridley, CA 95948

Business Industry:
All Other Business Support Services
NAICS code 561499

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: New Business or 2 years or less

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Butte County, CA — SBA Office 0931 — Congressional District: CA-01

Similar Companies near Gridley

In the Gridley area, 3 businesses in the "All Other Business Support Services" industry received a PPP loan. These local businesses reported an average of 9 employees (compared to this company's 22) and received an average PPP loan of $18,837 (compared to this company's $25,100).

Industry PPP Comparison Statistics

Nationwide, 53,190 businesses in the "All Other Business Support Services" industry received a total of $2.63B 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 6 employees, 73% lower than Pannu Interprises, Inc's reported 22 employees, and received an average PPP loan of $49,465, 97% higher than this company's loan of $25,100.

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.

Search FederalPay's Full PPP Loan Database

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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Source: www.federalpay.org/paycheck-protection-program/pannu-interprises-inc-gridley-ca