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PPP Loan Data — Paschen Management Corp,
Camarillo, CA
Paschen Management Corp
Entity: Corporation
Industry: Limited-Service Restaurants
Location: Camarillo, CA
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Paschen Management Corp is a corporation located at 484 Mobil Ave, #23 in Camarillo, California that received a Coronavirus-related PPP loan from the SBA of $3,569,964.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
500Loan Approved:
2020-04-27Lender:
FIRST SECURE BANK AND TRUST CO.Paschen Management Corp in Camarillo, CA received a Paycheck Protection Loan of $3.57M through FIRST SECURE BANK AND TRUST CO., which was approved in April, 2020.
Based on standard PPP eligibility rules, Paschen Management Corp's total 2019 payroll expenses were approximately $17.14M in order to qualify for the PPP loan amount received.
Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $34,272 per employee1.
Business Information - Paschen Management Corp in Camarillo, CA
484 Mobil Ave, #23
Camarillo, CA 93010
Business Industry
Limited-Service Restaurants (NAICS code 722513)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: CA-26Similar Companies near Camarillo
In the Camarillo area, 16 businesses in the "Limited-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 44 employees (compared to this company's 500) and received an average PPP loan of $275,182 (compared to this company's $3.57M).
Similar Nearby Businesses Who Received PPP Funding:
Baskin Robbins
Camarillo, CA
Subway 6057 Inc.
Camarillo, CA
Eggs 'N' Things Of Ventura
Camarillo, CA
Vebo Enterprise,Inc
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Parola Investments LLC
Camarillo, CA
V&B Royal, Inc.
Camarillo, CA
D'Amores Pizza Of Camarillo Inc
Camarillo, CA
AMD Enterprises Inc
Camarillo, CA
Industry PPP Comparison Statistics
Nationwide, 79,996 businesses in the "Limited-Service Restaurants" industry received a total of $9,671,819,152.00 in PPP loans. These businesses account for 2% of total PPP applications submitted, and received 2% of the total PPP funding allocated.
PPP recipients in this industry report an average of 23 employees, 95% lower than Paschen Management Corp's reported 500 employees, and received an average PPP loan of $120,904, 97% lower than this company's loan of $3.57M.
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, and is published unmodified, as provided by the SBA.
Footnotes & Information
1. 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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