PPP Loan Data — Precision Storage Concepts, LLC, Temecula, CA
Precision Storage Concepts, LLC
Entity: Limited Liability Company (LLC)
Location: Temecula, CATweet This • Search All PPP Data
Precision Storage Concepts, LLC is a limited liability company (LLC) located at 28061 Diaz Rd in Temecula, California that received a Coronavirus-related PPP loan from the SBA of $25,300.00 in May, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Bank of America, National Association
Precision Storage Concepts, LLC in Temecula, CA received a Paycheck Protection Loan of $25,300 through Bank of America, National Association, 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 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, Precision Storage Concepts, LLC's 2019 payroll expenses are estimated to be at least $121,440.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $30,360 per employee1
Reported PPP Proceed Usage:
On the PPP application, Precision Storage Concepts, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,300
Business Information - Precision Storage Concepts, LLC in Temecula, CA
28061 Diaz Rd
Temecula, CA 92590
Commercial Air, Rail, and Water Transportation Equipment Rental and Leasing
NAICS code 532411
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 2,615 businesses in the "Commercial Air, Rail, and Water Transportation Equipment Rental and Leasing" industry received a total of $121.98M 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 4 employees, the same amount reported by Precision Storage Concepts, LLC and received an average PPP loan of $46,645, 84% higher than this company's loan of $25,300.
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Footnotes & Information
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