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PPP Loan Data — Plus More Inc, La Habra, CA

SBA PPP loan data, payroll data, and salaries for Plus More Inc
CA

Plus More Inc

Entity: Corporation

Industry: Full-Service Restaurants

Location: La Habra, CA

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Plus More Inc is a corporation located at 1180 S Idaho St in La Habra, California that received a Coronavirus-related PPP loan from the SBA of $43,200.00 in June, 2020.

$ PPP Loan Information

Loan Size:

$43,200

Jobs Retained:

12

Loan Approved:

2020-06-25

Lender:

CROSS RIVER BANK

Plus More Inc received a Paycheck Protection Loan of $43,200 through CROSS RIVER BANK, which was approved in June, 2020.

2019 Payroll Estimations based On PPP Amount:

Assuming all employees were paid over the $100k eligibility cap, the minimum number of employees this company must have had in 2019 to qualify for the loan range received is 0.

Based on standard PPP eligibility rules, Plus More Inc's total 2019 payroll expenses were approximately $207,360 in order to qualify for the PPP loan amount received.

Based on their reported 12 jobs retained, this equals an estimated average yearly compensation of $17,280 per employee1.

Business Information - Plus More Inc in La Habra, CA

Plus More Inc
1180 S Idaho St
La Habra, CA 90631

Business Industry

Full-Service Restaurants (NAICS code 722511)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: CA-39

Similar Companies near La Habra

In the La Habra area, 68 businesses in the "Full-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 26 employees (compared to this company's 12) and received an average PPP loan of $520,807 (compared to this company's $43,200).

Industry PPP Comparison Statistics

Nationwide, 175,054 businesses in the "Full-Service Restaurants" industry received a total of $20,426,260,320.00 in PPP loans. These businesses account for 3% of total PPP applications submitted, and received 4% of the total PPP funding allocated.

PPP recipients in this industry report an average of 20 employees, 67% higher than Plus More Inc's reported 12 employees, and received an average PPP loan of $116,685, 170% higher than this company's loan of $43,200.

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.

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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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/plus-more-inc-la-habra-ca