PPP Loan Data — Pine Lane Advisors LLC, Poway, CA
Pine Lane Advisors LLC
Entity: Limited Liability Company (LLC)
Location: Poway, CATweet This • Search All PPP Data
Pine Lane Advisors LLC is a limited liability company (LLC) located at 14194 Biscayne Place in Poway, California that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least two people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Cross River Bank
Pine Lane Advisors LLC in Poway, CA received a Paycheck Protection Loan of $25,000 through Cross River Bank, which was approved in April, 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 March, 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, Pine Lane Advisors LLC's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $60,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, Pine Lane Advisors LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - Pine Lane Advisors LLC in Poway, CA
14194 Biscayne Place
Poway, CA 92064
All Other Professional, Scientific, and Technical Services
NAICS code 541990
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Poway
In the Poway area, 31 businesses in the "All Other Professional, Scientific, and Technical Services" industry received a PPP loan. These local businesses reported an average of 5 employees (compared to this company's 2) and received an average PPP loan of $39,712 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
Unlimited Resources, Inc
Gleimlight Photography & Productions
ASR Enterprise LLC
PCB Design & Assembly, LLC
Reese Systems Inc
Michael N. Davis & Associates, Inc
Industry PPP Comparison Statistics
Nationwide, 129,763 businesses in the "All Other Professional, Scientific, and Technical Services" industry received a total of $7.41B 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 5 employees, 150% higher than Pine Lane Advisors LLC's reported 2 employees, and received an average PPP loan of $57,091, 128% higher than this company's loan of $25,000.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!