PPP Loan Data — Picore Beristain Initiative Inc, Henderson, NV
Picore Beristain Initiative Inc is a trust located at 10624 S Eastern Ave Ste A-966 in Henderson, Nevada that received a Coronavirus-related PPP loan from the SBA of $2,131,528.00 in May, 2020.
The company has reported itself as a White female owned business, and employed at least 150 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Wells Fargo Bank, National Association
Picore Beristain Initiative Inc in Henderson, NV received a Paycheck Protection Loan of $2.13M through Wells Fargo Bank, National Association, which was approved in May, 2020.
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, Picore Beristain Initiative Inc's 2019 payroll expenses are estimated to be at least $10.23M.
Based on their reported 150 jobs retained, this equals an estimated average yearly compensation of $68,209 per employee1
Reported PPP Proceed Usage:
On the PPP application, Picore Beristain Initiative Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,131,528
Business Information - Picore Beristain Initiative Inc in Henderson, NV
10624 S Eastern Ave Ste A-966
Henderson, NV 89052
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Female Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
PPP recipients in this industry report an average of 0 employees, 100% lower than Picore Beristain Initiative Inc's reported 150 employees, and received an average PPP loan of $0, 100% lower than this company's loan of $2.13M.
FederalPay's PPP Information Policy
Footnotes & Information
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