PPP Loan Data — Pannu Interprises, Inc, Gridley, CA
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 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
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, 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
1536 State Highway 99
Gridley, CA 95948
All Other Business Support Services
NAICS code 561499
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
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).
Similar Nearby Businesses Who Received PPP Funding:
Grass Valley, CA
MED Partners Inc
Grass Valley, CA
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.
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Footnotes & Information
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